The New Math of Media Deals

The sales of three giants of the old-media world — The Washington Post, The Boston Globe and Newsweek — in as many days suggest one kind of change, but their prices suggest another.

    

Bits Blog: Tumblr Founder Says Site to Stay ‘Independent’

A day after Yahoo’s board approved a deal to acquire Tumblr, Marissa Mayer, Yahoo’s chief, and David Karp, Tumblr’s founder, reassured users that Tumblr would operate as it did before.