It seems crazy but it isn't really. What if NYT has a lot of debts? It could be worth negative amounts, since the new owner could be responsible for those deb

It seems crazy but it isn't really. What if NYT has a lot of debts? It could be worth negative amounts, since the new owner could be responsible for those debts. There are plenty of ways for a large company (especially an older company) to have a neutral or negative market cap, since that is based on its profit potential, not on how much economic activity it creates.