Will someone step up to buy the Boston Globe?

Boston Herald ^ | Thursday, November 20, 2008 | Christine McConville

[Lovebloggers]

Who - if anyone - will try to save the Boston Globe?

Ex-General Electric boss Jack Welch and retired Hill Holliday honcho Jack Connors briefly flirted with the idea a few years back.

But the bloated broadsheet’s balance sheet has gotten a lot worse since then.

Since January 2007, the value of the New York Times [NYT] Co.’s New England Media Group, which includes the Globe and the Worcester Telegram & Gazette, has dropped by $980 million.

And the problems on Morrissey Boulevard are getting worse by the week. The Boston Business Journal recently reported that the Globe was losing almost $1 million a week last summer before its recent restructuring and round of layoffs.

[skeeter]

I nominate Rev Moon.

[SkyDancer]

Why?

You have the NY Times going under and now the Globe ...

Do I hear “bailout” somewhere ?????

[gotribe]

Maybe the Chinese will buy up all of our distressed assets. Same politics as the Times.

[snowrip]

What a shame.

[MIchaelTArchangel]

Let the New York Times go the way of TV Guide...bankruptcy would be good for old Pinch Schulzberger and company.

[big'ol_freeper]

I think Rush Limbaugh should buy it...and then use it’s facilities for his Museum for Excellence in Broadcasting.

[abb]

Related, as the Boston Glob is owned by the NY Times Co.

http://www.freerepublic.com/focus/news/2135543/posts
NY Times cuts dividend to 6 cents (revenues fall - Dinosaur Media DeathWatch™)

[rlmorel]

I effing hope not. I had a Sunday subscription for the last 20 years (my wife wanted it) and I just cancelled it on her suggestion last month. They keep sending me emails saying "We want you back..." so I send them this:

"Please stop sending me these emails and remove it from your list.

Your paper is partially responsible for the election of an avowed socialist and Marxist who will do more to damage my country than any politician in the past.

The ongoing decreasing profitability of your paper, coupled with the fiscal policies of the candidate you have endorsed and done all within your power to get elected is only going to hasten its demise. I do not wish to contribute one more cent to erase the smallest amount of red ink your paper is generating.

So please do not bother sending any more of these emails. I am not, and will never be interested in reading your paper. Ever."

Of course, that was yesterday. Today, I got another one from them.

[Frantzie]

From what I recall - NYT bought the Globe a few years ago. I think they would need to spin the Globe. Yeah checked Yahoo. Hedge fund manager Phil Falcone owns a bunch of NYT stock. I think Phil may not be a Lib but I do not know for sure.

[Tarpon]

I was going to say Jim Jones, but he is dead. Come to think of it, the BG may join him. Sooner the better.

Who needs news papers these days. Even the wife has switched to ‘ads on line’ for her grocery shopping.

[LostInBayport]

Who - if anyone - will try to save the Boston Globe?

Dear President Obama:

We ignored your questionable place of birth, barely mentioned Reverend Wright and Bill Ayers. Your comments in San Francisco, wonderful as we found them, never graced our broadsheets. An analysis of your marxist policies? Not in OUR stalwart newspapers!

But we have found, as Zogby did recently, that most of the people who voted for you do not read newspapers, much less follow politics (how could they not know about the lovely and brilliant Speaker Pelosi or the faaabulous Barney Frank? The mind reels). As a result, our tried and true bastions of fair and honest journalism are facing financial ruin. That is also due in no small part to those horrid, horrid conservatives who refuse to read our words of progressive genius.

So howzabout a bailout, Barry?

Very Truly Yours (and Do We Mean That),

The Boston Globe

The Washington Post

The Lefty Ledger

The Los Angeles Times

The Progressive Prattler

The New York Times

The Marxist Mainsheet

The Seattle Post-Intelligencer

[LostInBayport]

Who - if anyone - will try to save the Boston Globe?

Dear President Obama:

We ignored your questionable place of birth, barely mentioned Reverend Wright and Bill Ayers. Your comments in San Francisco, wonderful as we found them, never graced our broadsheets. An analysis of your marxist policies? Not in OUR stalwart newspapers!

But we have found, as Zogby did recently, that most of the people who voted for you do not read newspapers, much less follow politics (how could they not know about the lovely and brilliant Speaker Pelosi or the faaabulous Barney Frank? The mind reels). As a result, our tried and true bastions of fair and honest journalism are facing financial ruin. That is also due in no small part to those horrid, horrid conservatives who refuse to read our words of progressive genius.

So howzabout a bailout, Barry?

Very Truly Yours (and Do We Mean That),

The Boston Globe

The Washington Post

The Lefty Ledger

The Los Angeles Times

The Progressive Prattler

The New York Times

The Marxist Mainsheet

The Seattle Post-Intelligencer

[Past Your Eyes]

Pardon me while I laugh.

[OneWingedShark]

Offer to buy their paper, then say NO! Not a subscription, the ENTIRE paper; offer them $100 for it.

If they accept, fire their current cabal of writers and editors and publish some good news.

If they look at you funny, tell them to stop making offers that are just as ridiculous, print out and hand them another copy of your e-mail.

[SkyDancer]

Rush says not to gloat when people like that get their portfolios handed to them (or words to that effect) - like it’s not going to buy you one gallon of gas, but, it sure does make me feel like doing a high-five with someone ... egotistical bas***rds .....

[Huskrrrr]

How about the Kennedys? Oh, I forgot...their net worth has plummeted as well.

[rlmorel]

Liberals operate in what computer networking people like to call “half-duplex” mode, which is more like a walkie-talkie conversation than a phone conversation which is full duplex.

The only problem is, liberals never let go of the talk button on the walkie-talkie, so it is more like “quarter-duplex”.

They completely will never acknowledge my objections. As a matter of fact, my email is only likely to egg them on and incite them to send my email everywhere.

I can handle it. I am used to it. I live in Massachusetts.

[Candor7]

Not many buy the Glob for anything except the classifieds and the comics section.

Its an EFFIN rag just like the Slimes.

Americans will read propaganda, but they sure as HAIL won't pay $$ for it.

Case in POINT:

[Emperor Palpatine]

I have $50 that says the next push for a federal bailout will be the newspapers of the MSM.

Expect to see the publishers and editors whining in front of congress about how they need money to keep from going broke, too.

As an aside, who do you think was the most ruthless and mean-spirited cinematic newspaper tycoon?

Raymond Massey as Gail Wynand in "The Fountainhead",


Humphrey Bogart as Ed Hutchison in "Deadline USA!",



Or Orson Welles as Charles Foster Kane in "Citizen Kane"?