The answer is not much. I used available public information and back of the envelope metrics that are used in the investment banking arena to produce the following table.
|PROJO Value July 2013|
|Metrics||recent multiples||Projo data||Valuation|
|Using Boston Globe Multiples|
So my back of the envelope calculation values the Newspaper at somewhere around $20 million dollars which is a very far cry from the implied $500 million price tag in 1997. Additionally I haven't been able to reconcile the pension obligations a new owner would have to take on or added the real estate value of the Main Building in Providence (approx 8 million) or the remaining parking lots they haven't sold yet ($5-10 million).
Projo 1997 value $500 million
Projo 2013 Value $ 20 million
maybe Taylor swift wants it?