The Jerusalem Post was sold Tuesday for just $13.2 million, but none of the reports I saw explain why the purchase price was so low. (Yes, I'm talking to you Haaretz and International Herald Tribune.)
From the reports I read, only the AP story in The Chicago Sun-Times mentions that the price was far below the $21.5 million Hollinger International paid for the newspaper - and this was back in 1989-1990.
So doesn't this beg the question why the price was so low?
Maybe someone should have mentioned that whoever purchased the Post would also have to take on any outstanding debt and pending lawsuits against the paper, and anyone familiar with the situation at the Post - such as reporters covering the story - should know this.
