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Topic: New York Times Co. Said to
Put Boston Globe Up for Sale |
New York Times Co. Said to
Put Boston Globe Up for Sale
Bloomberg News, by Edmund Lee & Jeffrey McCracken
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Original Article
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Posted By:FlyRight, 2/20/2013 3:58:02 PM
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| New York Times Co. is formally exploring a sale of the Boston Globe, its only remaining business outside the core New York Times media brand, two people familiar with the matter said. The publisher is working with Evercore Partners Inc. as an adviser for a possible sale, said the people, who asked not to be named because they weren’t authorized to speak publicly. The Times Co., controlled by the Ochs-Sulzberger family, is coping with a difficult advertising market as spending on national campaigns continues to shrink industrywide.
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Reply 1 - Posted by:
Susannah, 2/20/2013 4:07:01 PM (No. 9187353)
Well, here´s an opportunity for a good conservative investor, or group of investors, to buy a major liberal broadsheet and turn it into a good conservative broadsheet. The northeast could use one.
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Reply 2 - Posted by:
Halfvast Conspirator, 2/20/2013 4:20:25 PM (No. 9187384)
The bow-tied bumkissers are gonna be looking for new jobs.
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Reply 3 - Posted by:
droopydog, 2/20/2013 4:25:18 PM (No. 9187399)
I´d love to see the paper snapped up by a rich conservative. It´s a money loser, no doubt, but everyone needs a hobby. Anyone? Steve Wynn? Sheldon Adelson? Make Dick Cheney editor in chief.
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Reply 4 - Posted by:
GOP_U_BET, 2/20/2013 4:25:53 PM (No. 9187402)
I have got a spare $5. Anybody wanna go halfsies with me on buying the BG?
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Reply 5 - Posted by:
JimS, 2/20/2013 4:35:04 PM (No. 9187431)
Maybe Al Jazeera wants to buy this, too.
A great fit for them.
They could keep the entire editorial staff, and almost all the reporters
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Reply 6 - Posted by:
kennedylaw, 2/20/2013 4:35:16 PM (No. 9187433)
No good conservative investor would blow money on a lousy company in a dying industry. Maybe Al Jazeera will buy it.
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Reply 7 - Posted by:
nimby, 2/20/2013 4:37:36 PM (No. 9187442)
Aljazeera purchasing it?
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Reply 8 - Posted by:
Topic Thunder, 2/20/2013 4:46:03 PM (No. 9187464)
Now they´re really feeling the Pinch!
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Reply 9 - Posted by:
vesicant, 2/20/2013 4:46:12 PM (No. 9187465)
Not even the plant equipment is worth anything, except perhaps as scrap metal. Maybe all those leftie employees can get jobs in the booming green economy. Tee hee.
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Reply 10 - Posted by:
cThree, 2/20/2013 4:52:14 PM (No. 9187478)
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Reply 11 - Posted by:
cThree, 2/20/2013 4:57:50 PM (No. 9187495)
Buy it & convert to a novelty toilet paper factory. Imprint with archival political "reportage" and editorials.
Maybe they could also sell options on a similar future conversion at the NY Times.
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Reply 12 - Posted by:
lazlototh, 2/20/2013 5:01:08 PM (No. 9187500)
In their massive hypocrisy their answer for dealing with the heavily unionized Boston Globe is to try to sell it.
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Reply 13 - Posted by:
woodsman, 2/20/2013 5:16:38 PM (No. 9187521)
The Grey Lady´s pink slip is showing
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Reply 14 - Posted by:
Reality, 2/20/2013 5:24:08 PM (No. 9187532)
I bid 14 cents, two Howie Carr paperbacks, a video of Joe For Oil Kennedy schilling for Hugo Chavez, and my collection of Menino quotes.
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Reply 15 - Posted by:
andyboy, 2/20/2013 5:32:47 PM (No. 9187553)
Well, either newspapers are dead and nobody can save the NY Times, or the NY Times is killing itself through biased journalism and is ripe for takeover by conservaties.
One way or another, however, the conservative movement must seriously consider strategies for acquiring more media organizations. Without a level playing field, the left-wing media will turn the tide for the Democrats in election after election.
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Reply 16 - Posted by:
uno, 2/20/2013 5:41:16 PM (No. 9187568)
Even dogs turn up their noses at Da Glob!
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Reply 17 - Posted by:
MisterDickens, 2/20/2013 5:48:08 PM (No. 9187586)
This reminds me of the time Philco sold it´s vinyl record business so it could stay afloat.
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Reply 18 - Posted by:
killerbee, 2/20/2013 5:53:23 PM (No. 9187594)
These leftist places often won´t sell to conservatives, but this is a good opportunity for someone unknown and fair minded. Hello? Anyone out there?
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Reply 19 - Posted by:
Pearson365, 2/20/2013 5:57:32 PM (No. 9187605)
See the earlier story about the cod & haddock shortages in New England. If you don´t have fish to wrap, why would you buy the Boston Globe or the NY Times??
Or, Globe is going to sleep with the fishes after all.
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Reply 20 - Posted by:
JAN, 2/20/2013 6:11:11 PM (No. 9187621)
Soon to beome the print edition of al jazeera?
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Reply 21 - Posted by:
Chuzzles, 2/20/2013 6:33:10 PM (No. 9187651)
It is only a losing proposition because libs own it. If Trump or Rush bought it, it would be in the black within months. I would subscribe and I live in Oregon.
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Reply 22 - Posted by:
Scribelus, 2/20/2013 7:23:45 PM (No. 9187698)
Hoping that this time Glenn Beck will prevail.
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