Conn. papers’ final price: $73 million

The long-rumored deal, finally announced today, is noteworthy if only because it shows GCI hasn’t completely abandoned adding newspapers to its portfolio.

Here’s where I need Gannett Blog readers’ help: By any available metrics — a multiple of revenue or circulation — how does that $73 million compare to other deals? High? Low? About average? With all the talk about McClatchy’s perhaps overpaying for Knight-Ridder, it would be interested to know whether the sale of the The Advocate in Stamford and the Greenwich Time set new benchmarks.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s


%d bloggers like this: