Quote:
Originally Posted by dustygoon
Unreal price for a traditional business with $70-80mm of revenues. SaaS type multiple for a media business? They burn cash of course. Do you think Myrtle had equity (Toronto was 2nd town after Chicago to build a team and he was lead editor)?
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The real question is more of a how they will structure subscriptions.
Do they remains separate entities and you get a subscription with a NYT subscription?
If Mirtle has equity I would imagine it is structured as dividends because he has a brand and an audience that they want him to produce content for.
He’s the made the argument that a subscription requirement is the only sustainable format for journalism.
But… does he just cash in and write books?
I guess we will find out.