Mpls. Star-Tribune sold off at a loss
- Wednesday, December 27 2006 @ 07:47 AM CST
- Contributed by: filbert
- Views: 1,381
McClatchy Newspapers, which bought the Star-Tribune in Minneapolis/St. Paul in 1998 for $1.2 billion, is sellng it off for $530 million. That's 44 cents on the dollar.
That's what we normal people call a "loss." I'd fire a financial advisor who got me into an investment that lost 66% of its value in eight years. Wouldn't you?
Fortunately (note the irony), McClatchy still owns my home town Kansas City Star. Oh, joy.
That's what we normal people call a "loss." I'd fire a financial advisor who got me into an investment that lost 66% of its value in eight years. Wouldn't you?
Fortunately (note the irony), McClatchy still owns my home town Kansas City Star. Oh, joy.