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Tuesday, Aug 16
Is Jack Shafer Worth $1M?
"I made some basic calculations based on Washington Post's two recent 10-Q filings, and the acquisition cost for Slate, which was acquired in November last year and closed in Q1 this year, seems to be about $17 million," Rafat Ali writes. No price has been made public, but Ali's prediction fits nicely in the $15 million to $20 million range rumored at the time--or slightly less than half of what Microsft sunk into it. If you think of how few writers Slate has--including here in D.C. Jack Shafer, Timothy Noah, and Dahlia Lithwick--that works out to be about $1 million a writer, with maybe a bit extra for Mickey Kaus. Email This Post |
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