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(Boston Mayor) Menino offers loan to keep Banner (newspaper) afloat (Dinosaur Media DeathWatch™)
Boston Globe ^ | July 17, 2009 | Meghan E. Irons and Milton J. Valencia

Posted on 07/17/2009 5:57:01 AM PDT by abb

The City of Boston will offer to loan the Bay State Banner up to $200,000 to keep the cash-strapped weekly newspaper from shutting down permanently, Mayor Thomas M. Menino said last night.

The mayor told the Globe that the loan will come from the Boston Local Development Corp. fund, a private nonprofit administered by the Boston Redevelopment Authority that provides financial infusions to struggling small businesses.

The mayor said the loan is not an attempt to garner favor from the Banner, which focuses on the black community and has often covered Menino critically.

“This is about me helping a business that is very important to the minority community,’’ Menino said. “I will step up any time and help any business in this city. I’m trying to help a business survive. Tell me if that’s wrong.’’

The free weekly published what it said was its final edition July 9, and had planned to shutter by the end of the month because of a revenue slump caused by the recession.

Mel Miller, the Banner’s publisher, who had hoped for investors to step up and save the paper, did not respond to repeated calls yesterday seeking comment. Howard Manly, the paper’s executive editor, would not comment on the loan, but did express gratitude for the community support.

“The level of support for the Banner has been overwhelming,’’ he said. “From the highest levels of the city of Boston to the blue-collar workers, the support for the Banner had been extremely heartfelt.’’

Larry Mayes, a senior adviser to Menino, said that the mayor was approached by “representatives of the Banner’s interests’’ yesterday and that he met with them in his office and discussed ways the paper can get back on its feet.

snip

(Excerpt) Read more at boston.com ...


TOPICS: Business/Economy; Extended News; News/Current Events; US: Massachusetts
KEYWORDS: advertising; boston; dbm; mayor; menino; newspapers
State-Run Media indeed...
1 posted on 07/17/2009 5:57:01 AM PDT by abb
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To: 04-Bravo; aimhigh; andyandval; Arizona Carolyn; backhoe; Bahbah; bert; bilhosty; Caipirabob; ...

ping


2 posted on 07/17/2009 5:57:54 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

http://recoveringjournalist.typepad.com/recovering_journalist/2009/07/you-cant-charge-for-something-that-doesnt-provide-value.html
You Can’t Charge For Something That Doesn’t Provide Value

http://www.boston.com/business/articles/2009/07/17/sides_gird_as_guild_vote_looms/?page=full
Sides gird as Guild vote looms

http://www.nytimes.com/2009/07/17/business/media/17blog.html?_r=2&pagewanted=all
A Hollywood Blogger Feared by Executives

http://pressherald.mainetoday.com/story.php?id=268503&ac=PHbiz
Newspaper investors swayed by owner’s vision

http://www.time.com/time/magazine/article/0,9171,1910972,00.html
What Price Journalism?


3 posted on 07/17/2009 6:02:23 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

http://www.observer.com/2009/media/google-newspapers-think-were-stealing-you-fine-dont-show-searches
Google to Newspapers: Think We’re Stealing From You? Fine, Don’t Show Up in Searches!

http://paidcontent.org/article/419-yes-news-sites-are-facing-a-crisis-but-aggregators-arent-the-problem/
Yes, News Sites Are Facing A Crisis, But Aggregators Aren’t The Problem

http://www.bloomberg.com/apps/news?pid=20601103&sid=acn1Cmt9rmLA
McGraw-Hill May Need to Look to Media Division for More Cuts

http://www.chicagotribune.com/business/chi-fri-sun-times-0717-jul17,0,4923345.story
Sun-Times chief optimistic about sale of company


4 posted on 07/17/2009 6:07:02 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb
MA is the bellweather for the US. Mandatory health insurance in MA paves the way for it at the federal level. Bailouts of media outlets in Boston paves the way for the NYT to reach out a begging hand to Obama.

With the Fairness Doctrine to shut down successful conservative outlets, and bailouts to prop up failing Leftist outlets, propaganda will will be the only game in town.

5 posted on 07/17/2009 6:07:14 AM PDT by ClearCase_guy (I don't believe anything anyone says about anything anymore.)
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To: abb
The mayor said the loan is not an attempt to garner favor from the Banner, which focuses on the black community...

Uh huh. Right. No pandering going on here.
Why didn't he offer the Globe a loan?

6 posted on 07/17/2009 6:07:17 AM PDT by Bloody Sam Roberts (The code word for the new racism is "diversity.")
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To: abb

Guaranteeing we’ll never see the truth in print.


7 posted on 07/17/2009 6:24:19 AM PDT by Spok (Viet vet and father of a Marine in the 1/1.)
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To: abb
“This is about me helping a business that is very important to the minority community,’’ Menino said.

If it was "very important" to the people in the community, they would buy the paper. And the paper would it would be able to support itself.

In short - if no one wants it, it's not serving a useful purpose...

8 posted on 07/17/2009 6:47:26 AM PDT by GOPJ (WE HAVE GOD; -THEY HAVE TROLLS - - RobinofBerkeley)
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To: abb

http://editor.blogspot.com/
How to compete with free

http://www.dailyfinance.com/2009/07/17/journalism-online-would-be-newspaper-savior-gathers-steam/
Journalism Online, would-be newspaper savior, gathers steam

http://www.medialifemagazine.com/artman2/publish/Media_economy_57/The_upfront_Why_it_s_ambling_along.asp
The upfront? Why, it’s ambling along.
Broadcast network deals are being done on the quiet

http://www.medialifemagazine.com/artman2/publish/New_media_23/In_these_hard_times_we_turn_to_the_web.asp
In these hard times, we turn to the web
Americans are looking for jobs but also speaking out

http://adage.com/mediaworks/article?article_id=137980
‘No Benefit’ to Being First in This Upfront Market


9 posted on 07/17/2009 6:56:51 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

http://minnesota.publicradio.org/display/web/2009/07/16/byline_strike/
Byline strike planned for today’s Pioneer Press

http://www.twincities.com/ci_12856270
A note from the editor


10 posted on 07/17/2009 7:18:47 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

And in return the Globe will continue its favorable treatment of anything that the corrupt democrat administration does.


11 posted on 07/17/2009 7:21:08 AM PDT by Leftism is Mentally Deranged
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To: abb

http://www.politico.com/blogs/michaelcalderone/0709/Woodward_Weymouth_has_learned_salon_lesson.html
Woodward: Weymouth has learned ‘salon’ lesson

http://www.minnpost.com/braublog/2009/07/17/10319/pioneer_press_editor_byline_strike_very_unfortunate_and_very_disappointing
Pioneer Press editor: Byline strike ‘very unfortunate and very disappointing’


12 posted on 07/17/2009 10:53:53 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

http://editor.blogspot.com/2009/07/time-for-news-to-play-offense-how-david.html
Time for news to play offense: how David can attack Goliath (and win)


13 posted on 07/17/2009 11:11:34 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

http://thephoenix.com/BLOGS/dontquoteme/archive/2009/07/17/globe-management-pushes-back.aspx
Globe management pushes back


14 posted on 07/17/2009 11:16:04 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

http://business.theatlantic.com/2009/07/information_may_want_to_be_free_but_not_journalism.php
Information May Want to be Free. But Not Journalism.


15 posted on 07/17/2009 11:31:41 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

http://www.time.com/time/business/article/0,8599,1911239,00.html
Is Business Journalism Dying When We Need It Most?

http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003995150
‘Indianapolis Star’ and Guild to Enter Federal Mediation

http://www.washingtonian.com/print/articles/6/174/13044.html
Sports news is no longer controlled by traditional media. Bloggers now offer smart analysis, frat-house humor, and nasty attacks.

http://thebiglead.com/?p=15760
New York Times Sports Section Souring on Columnists


16 posted on 07/17/2009 2:02:04 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb
Boston Local Development Corp.

throwing money down a RATHOLE gives a whole new meaning to the word development...

17 posted on 07/17/2009 3:05:56 PM PDT by Chode (American Hedonist - I AM JIM THOMPSON!)
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To: abb

http://www.poynter.org/column.asp?id=131&aid=166916
New York Times Considers Foundation Funding for News


18 posted on 07/17/2009 4:45:57 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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