Of course, we all know why Jeff Bezos was willing to ante up a quarter of a billion for the Washington Post: he got free shipping.
Still, this question comes up:
In any event, it’s noteworthy that the Boston Globe was sold for $70 million in the same week the Washington Post garnered $250 million. The disparity in sale prices hasn’t been explained.
Two factors come to mind:
- The Post still moves about 480,000 copies a day, even though a growing percentage of those copies are virtual. The Globe sells about half as many.
- Several times before, the New York Times Company, which owned the Globe, has sold properties to refocus on the Family Business; it’s possible that they wanted to firm up their balance sheets after paying off Mexican benefactor Carlos Slim three years early.
We will, of course, never know how much Phil Anschutz peeled off for the Oklahoman.