Posts tagged with ‘Boston Globe’

Yahoo admits this blog is 75% air →

cnnmoneytech:

Well, kind of.

The tech world reeled when Yahoo announced in May that it would buy Tumblr, the weblogs platform favored by those tech-savvy young ‘uns, for a total of $1.1 billion.

Five intriguing tidbits about the deal came out in Yahoo’s quarterly financial documents, which landed last night.

Most eye-popping: Yahoo bought Tumblr for $990 million (the remainder of the billion-plus total goes to founder David Karp and other Tumblr employees), and an incredible $751 million of that value was attributed to “goodwill.”

Goodwill is an accounting term for the worth of an intangible asset blahblahblah, and in this case it means brand value. So 75% of Tumblr’s value lies in its cool factor. (More details in our main CNNMoney story here.)

FJP: Read through for the rest but know who could have used a perception of cool? The Boston Globe. Founded in 1872, it sold to Boston Red Sox owner John Henry for $70 million. Or, if you take into account pensions and other debts, it sold for negative $40 million.

The Washington Post might wish it had some “goodwill” too. Amazon founder Jeff Bezos, of course, just bought the 136-year-old paper for $250 million.

Takeaways: Don’t get old. Stay cool. Valuations are a weird gig.


An Incredibly Smart Newspaper Website

The Boston Globe rolled out a handsome new website, and it’s exemplary: No confusing mess of links, no upchuck of annoying ugly ads, and, best of all, no special crippled version for the iPhone or iPad.

Via Gawker

An Incredibly Smart Newspaper Website

The Boston Globe rolled out a handsome new website, and it’s exemplary: No confusing mess of links, no upchuck of annoying ugly ads, and, best of all, no special crippled version for the iPhone or iPad.

Via Gawker

Buy! Sell! And Groupon

As Groupon nears its IPO, its customer acquisition costs are rising, both its margins and number of actual Groupons sold per deal are falling, and Google, Facebook and Microsoft are looking to get into the space.

So too newspapers as they hope to leverage the deep relationships within the local communities they serve. For example, today Boston.com (the Web site for the Boston Globe) announced a very Groupony daily deals site called (drumroll) Boston Deals.

Business Insider suggests all this is the way it should be and is bullish on the company’s IPO. It is, after all, history’s fastest growing company.

Me? Sounds like a very short stick will be in someone’s hands when all this plays out.

H/T: @AntDeRosa/Soup.