What price quality?
The Washington Post, one of the most influential publications in the world with a track record of quality journalism and 47 Pulitzer Prizes, is worth $250 million. Tumblr, the microblogging site on which users republish other people’s mildly amusing pictures and vast amounts of pornography, went for $1.1 billion. Price is not the same as value.
Simon Allison in his Daily Maverick ‘First Thing‘ newsletter.