FishbowlDC TVNewser TVSpy LostRemote AgencySpy PRNewser GalleyCat SocialTimes

Posts Tagged ‘The Boston Globe’

Seven Buyers to Bid for Boston Globe

When The New York Times Company decided to put The Boston Globe up for sale, the list of rumored buyers almost immediately ballooned to about 700. Now, according to the Globe, that list has dwindled to seven.

With the June 27 deadline to submit offers looming, the following groups have emerged as likely buyers:

  • Jack Griffin and two members of the Taylor family
  • Former Globe president Rick Daniels and Heb Ryan
  • The Kraft Group, owner of the New England Patriots
  • Revolution Capital Group, a LA-based private equity firm
  • Najafi Cos., owners of the Phoenix Suns
  • Douglas Manchester, owner of the U-T San Diego
  • John J. Gormally Jr., Gormally Broadcasting

The Times company is looking to sell its New England Media Group, which includes the Globe and its web presence, but also The Worcester Telegram & Gazette and its site, the Globe’s direct mail business, and an almost 50 percent ownership of Metro Boston.

The Times bought the Globe in 1993 for $1.1 billion. The offers from the buyers listed above are expected to range between $70 and $120 million. That’s uh, close!

[Image: Newseum]

Mark Thompson ‘Very Pleased’ With Efforts to Sell Boston Globe

The New York Times Company officially put The Boston Globe up for sale in late February, so naturally, everyone wants an update on the situation. Aside from a list of about 800 rumored buyers, there hasn’t been any word. However, Mark Thompson, the Times’ CEO, said things are going great.

The Globe reports that during an investor conference call, Thompson explained that he was “very pleased with the interest, and the progress, that’s been expressed so far.”

Okay, that’s about as vague as it gets. One nugget we did find though: Evercore Group, which is responsible for fetching bids for the Globe, has already conducted meetings with six different interested parties. Who were they? Know one knows! But apparently they were very pleasing. So please be pleased.

Pretty Much Everyone is Rumored to Buy The Boston Globe

Ever since the New York Times Company announced that it was selling the Boston Globe, people have been speculating about who/what will purchase the paper.

Because the media is nothing but precise, that list has now been narrowed down to about 834 potential buyers. Below are all the ones we found mentioned, but we’ve surely missed one or 500.

Read more

New York Times Company to Sell Boston Globe

The New York Times Company is seeking a buyer for the Boston Globe. The company has teamed up with Evercore Partners to help sell its New England Media Group, which includes the Globe and its website; the Worcester Telegram & Gazette and its site; and GlobeDirect, the Globe’s direct mail company.

“We are very proud of our association with the Globe and the Telegram & Gazette, but given the differences between these businesses and The New York Times, we believe that a sale is in the best long-term interests of these properties and the employees who work for them as well as in the best interests of our shareholders,” said Mark Thompson, CEO of the Times Company, in a statement.

This wouldn’t be the first time the Times has tried to sell the Globe. In 2009, as the Globe hemorrhaged money, the Times considered ditching the paper. The Times relented when cutbacks reduced the Globe’s overall losses. Plus, the bids the Times did receive weren’t exactly enticing.

The Times bought the Globe for $1.1 billion in 1993. We doubt the company is hoping for anything near that figure this time around.

Newspapers Lease Office Space to Make Extra Cash

Times are certainly tough for the newspaper industry. So tough, in fact, that many have started leasing out office space to make some extra cash. The New York Times reports that a paper it owns — The Boston Globe — has rented out empty space to startups and even bands:

The projects occupy what looks like a re-created living room, where a colorful mix of young entrepreneurs, gray-haired journalists and bands with names like the Street Dogs and Animal Kingdom pass through. Steps away, Globe reporters and editors pore over articles.

The Globe isn’t the only paper doing this. The Los Angeles Times is getting additional revenue by renting out its space to movie studios. Anyone seen Argo? The newsroom featured in the film is unused LA Times space.

We don’t blame newspapers for doing this, after all, they might as well make use of empty desks. But we draw the line the second a Kevin James movie is allowed to film in one of their offices. There must be ethical standards.

Brian McGrory Named Editor of Boston Globe

Brian McGrory, a 23 year veteran of the Boston Globe, has been named the paper’s new editor. McGrory joined the Globe in 1989 as one of the first staffers to serve in the paper’s South Weekly section. Since then he has held a variety of roles, including White House correspondent, general reporter, and national correspondent.

“Brian has distinguished himself throughout his career at the Globe as a reporter, editor and columnist and as a native of Boston, he is the ideal candidate to lead the Globe’s newsroom,” said the Globe’s publisher, Christopher Mayer, in a statement. “Brian will continue to emphasize the accountability reporting that has been the Globe’s trademark, combined with narrative storytelling that gives readers a strong sense of our unique community.”

“This is a great honor to guide the Boston Globe news operations, since I grew up delivering the Globe, then reading the Globe, and later writing for the Globe,” added McGrory. “It is also a great honor to work with my colleagues and build on what I believe is the best metro newspaper in America.”

The Boston Globe Rolls Dice on New Paywall Site

For many years, if you wanted to get your Boston Globe fix, you navigated your browser to Boston.com. However, beginning today, there’s a new spot for the paper’s faithful: BostonGlobe.com. Print subscribers will be able to access the site for free, and until October 1 registered users can view content, but after that it’ll cost $3.99 a week, or $208 a year, for non-print subscribers.

Sounds normal, right? The paper wants to start charging for its online features. But here’s the odd thing: Boston.com will remain online and free. Christopher M. Mayer, Publisher of The Boston Globe, said there is a good reason for that.

“Our research showed that we have different segments of news consumers in our market, and we need to reach them in different ways,” explained Mayer. “We are also providing advertisers a new opportunity to connect with a premier reader base in an uncluttered and innovative new format.” It’s a nice thought, but maybe not the smartest.

Read more

The Boston Globe Is Not for Sale

We have to admit, when we heard Aaron Kushner – a really rich guy – was planning on bidding $200 million for The Boston Globe, we got a little excited. The plans he talked about sounded inspiring to us. Well, Janet Robinson has rained on our parade, because she told Globe staffers the paper “is not for sale.”

Obviously this means things are better for the Globe, so we should just shut up and be happy. Robinson said that the paper’s finances have improved recently and she was only commenting to calm the rampant Kushner rumors. She also told the Globe that there was more to the New York Times holding onto it than just money:

One of the things we say often, and it can’t be said enough in this community: The New York Times is very proud of The Boston Globe. We’re very proud of the progress we’ve made. We’re very proud of its commitment to quality journalism.

If you didn’t count, that’s proud times three. Or proud to the third power. Or a proud tricycle.

Okay, we’ll stop now.

Businessman to Bid $200 Million for The Boston Globe

Here’s something to get you in a good mood before heading out into a weekend full of plans that you abandon by noon tomorrow: Aaron Kushner, an entrepreneur, is expected to bid $200 million for The Boston Globe.

The Globe – which is owned by The New York Times Company – has been losing money, much like every other newspaper. But Kushner apparently has a plan to turn it around. Thankfully, he’s been getting plenty of people to advise him on just how to do that:

Read more

Six Finalists Announced For Investigative Reporting Prize

twitter-logo22.jpgOn March 23, one group of intrepid reporters will be winning $25,000 for the 2010 Goldsmith Prize for Investigative Reporting. The six finalists announced today come from such varied locales and media as KHOU-TV in Houston, The Boston Globe, and ProPublica. Being a finalist carries a $10,000 award. Who says that journalism doesn’t pay?

According to the Harvard Kennedy School of Government’s Web site, the goal of the Goldsmith prize is to “recognize and encourage journalism which promotes more effective and ethical conduct of government, the making of public policy, or the practice of politics by disclosing excessive secrecy, impropriety and mismanagement, or instances of particularly commendable government performance.”

See the full list of winners after the jump.

Read More: Shorenstein Center Announces Book Prize Winners and Finalists for the 2010 Goldsmith Prize for Investigative Reporting — Harvard Kennedy School

Read more

<< PREVIOUS PAGENEXT PAGE >>