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Globe demands just a prelude to a sale?

By adamg on Sun, 04/05/2009 - 9:11am

The Outraged Liberal begins to think the $20-million threat is really just an attempt to tidy up Globe finances a bit before offloading the paper to a local buyer:

... The Globe is not worthless -- no matter what the critics think -- even if it is a far less valuable than what the Times paid. There is the land, the presses and boston.com, the sixth most popular web destination with 5.2 million hits a month. ... Sulzberger's legacy is tied up in this debacle of his own making. I think he's looking for an exit strategy that will enable him to dump the Globe and the Red Sox and forget about Boston.

And when that happens, the feeling will no doubt be mutual.

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Boston Globe


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Comments

By EM Painter on Sun, 04/05/2009 - 11:36am.

Here's a great sentence from today's:

"News that The New York Times Co. might shut down [the Globe]... sent a shockwave throughout Greater Boston, sparking an outcry from places as disparate as the Boston Symphony Orchestra and Johnny's Luncheonette in Newton Centre..."

Those places are not disparate.

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By anon on Sun, 04/05/2009 - 11:04pm.

Look, I would love to believe the happy, rosy scenario that the Times is prepping the Globe to sell it. Which is no doubt true, but the happy, rosy part is...there's anyone waiting to buy it. On what planet? It's losing a million dollars a week!

Being put up for sale is the end-stage of newspaper death, after cutting puff piece sections, launching a magazine aimed at those damn kids, sections being condensed, and layoffs. The truth is the Globe's dying. What can you say about a newspaper that won't even run classified ads for more than half the week?

On the bright side, the inevitable gloating of Herald readers will be hilarious when IT goes down the tubes.

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