Posted on 05/11/2011 6:59:16 PM PDT by Fractal Trader
The Boston Globe is negotiating a contract to print and deliver its long-time rival the Boston Herald, according to executives from both companies.
Under terms outlined today, the Herald would pay the Globe an undisclosed sum annually to print and distribute the tabloid in the Boston area. Because the Herald would no longer be delivering its own papers, the deal would result in the layoffs of the newspaper’s truck drivers.
Herald publisher Pat Purcell told drivers during a meeting today that he will propose severance packages for affected employees and emphasized the need for expedited negotiations about the reorganization plan. In a statement, the Herald said it is "confronted with declining circulation and revenue and must take steps to reduce operating expenses.”
Although the Globe already distributes some copies of the Herald, the deal represents an unprecedented level of cooperation between the long-time rivals, with each to benefit in different ways. The Herald would be able to cut labor costs, while the Globe would gain another customer for its printing and delivery services, a growing source of revenue for the newspaper in recent years.
“We are discussing a business opportunity to print the Herald and expand the area in which we currently deliver their newspaper,” said Boston Globe Publisher, Christopher Mayer. “This agreement would be similar to contracts we currently have with other local newspapers, and it would not affect any other areas of our operation."
The editorial and other business operations of the newspapers would remain separate.
The Globe already has contracts to print and distribute the Patriot Ledger of Quincy and the Enterprise of Brockton, and local editions of The New York Times.
(Excerpt) Read more at boston.com ...
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This is good news. Much the same occurred with the two Denver papers not along ago. One paper is extinct...and the other ...being liberal...is dying fast.
Rest in hell, liberal MSM.
Print, on like paper, and deliver with like trucks? Deliver “news” that is a day old? Good luck with that, Globe-Herald.
The Herald supported Scott Brown while the Globe backed the fugly liberal hag opponent of Brown’s. They both should be bankrupt. But I like the Herald better.
The Herald is actually an ideological rival to the Globe. Where the Globe is a cesspool of elitist Liberals and Dem apologists, The Herald actually does slant Conservative most of the time.
Thanks for ping; actually a few seconds ago a lib brought this up on radio-info.com board. Yikes.
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