It's hard to imagine that it went for that much. Print magazines are dying. Given possibly debt, pension obligations etc. - it wouldn't be surprising if they w

It's hard to imagine that it went for that much. Print magazines are dying. Given possibly debt, pension obligations etc. - it wouldn't be surprising if they were really worth a negative value, i.e. they get bought for cheap just for the tax write offs. Many newspapers facing bankruptcy would love to have a $200M valuation.