A good illustration of how North American newspapers are managing financially.
The Toronto Star is in the process of being sold to two private investors. The buyers are paying a cost that is less than the cash the company holds. It has no debt. And they will take the ownership from public to private. If all goes well and they follow the path of acquisitions of the Washington Post and the New York Times, this $52 million buy will turn into a billion. The rich becoming richer and the rest of the company - journalists and all, working off their butts to manage that. A bargain buy? How Torstar’s proposed buyers could get a great return on their investment | The Star https://www.thestar.com/business/opinion/2020/05/29/a-bargain-buy-how-torstars-proposed-buyers-could-get-a-great-return-on-their-investment.html Roland. Toronto.
