"It would take considerably more to purchase the entirety of the company." What you said is true. But the argument of "worth more" etc. is arbitrary and just l

"It would take considerably more to purchase the entirety of the company." What you said is true. But the argument of "worth more" etc. is arbitrary and just looks good in print. Same as clearing x million users etc. So even if you had to pay 1.4 billion (a 40% premium) to buy all the shares of the NYT it still shows an interesting comparison of value.