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Newspapers aren't your grandmother's 'green sheet' anymore

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Two announcements from the world of media giants jolted readers in recent days. First, the New York Times Company sold the Boston Globe for $75 million, a mere 10 percent of what it paid to acquire the Globe in 1993. Then the Graham family, long-time owners of the Washington Post, sold their holdings for the modest sum of $250 million, after turning down $2.1 billion a few years earlier. How...

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