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NYT Tries Again to Sell Off Struggling Boston Globe (Dinosaur Media DeathWatch™)
News Busters ^ | February 21, 2013 | Matthew Sheffield

Posted on 02/21/2013 2:36:23 PM PST by abb

The New York Times Company, owners of the Boston Globe newspaper, is once again trying to find someone to take the struggling Massachusetts newspaper off its hands.

The Times previously tried to sell the Globe in 2009 but canceled the sale process after it received concessions from is unions (love the irony there).

More from Reuters:

The sale is expected to come at a big loss. Ken Doctor, an analyst with Outsell Research, estimated that the Globe could fetch about $150 million. The New York Times paid $1.1 billion for the newspaper in 1993.

The New York Times is putting all its effort into being a global information source and "the Globe is a distraction," Doctor said.

Morningstar analyst Joscelyn MacKay said in recent years revenue at the Boston Globe had declined much more than at the New York Times.

At the New England Media Group, which is the formal name of the unit up for sale, total revenue declined 0.8 percent to $394.7 million last year. That compares with the New York Times' revenue increase of 2.6 percent to $1.6 billion.

Now here would be a nice opportunity for a conservative billionaire to actually have a real asset instead of some junk mail and some worthless TV ads. Are you listening, guys?


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: advertising; bostonglobe; dinomedia; dyinglyingmedia; newspapers; nytimes
Thursday afternoon good news!
1 posted on 02/21/2013 2:36:31 PM PST by abb
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To: abb

Heh! Sounds like the NYT group has about the same grasp of economics as does the Obamadork/felon/illegal alien.


2 posted on 02/21/2013 2:39:17 PM PST by Da Coyote
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To: 04-Bravo; aimhigh; andyandval; Arizona Carolyn; Bahbah; bert; bilhosty; Caipirabob; carmenbmw; ...

ping


3 posted on 02/21/2013 2:41:11 PM PST by abb
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To: abb

New rule (I assume everyone knows the old one): never buy stock in a company that buys ink by the barrel...


4 posted on 02/21/2013 2:42:17 PM PST by freedumb2003 (I learned everything I needed to know about racism from Colin Powell)
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To: abb

Propaganda costs, NYT, just not as well as it used to....


5 posted on 02/21/2013 2:42:36 PM PST by Amberdawn
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To: abb

http://www.poynter.org/latest-news/mediawire/204922/who-will-buy-the-boston-globe/

http://www.niemanlab.org/2013/02/the-newsonomics-of-the-boston-globes-sale/

http://jimromenesko.com/2013/02/21/whats-boston-globe-worth/

http://www.telegram.com/article/20130221/NEWS/102219795/1116
Times Co. plans T&G, Globe sale


6 posted on 02/21/2013 2:46:36 PM PST by abb
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To: abb

http://paidcontent.org/2013/02/20/boston-globes-28000-digital-subs-a-flop-or-a-foothold/

http://www.capitalnewyork.com/article/media/2013/02/7869062/times-editor-jill-abramson-opens-about-layoffs-time-she-almost-quit-an

http://www.variety.com/article/VR1118066385/
Dish Network chief sez cord cutting ‘will accelerate’

http://www.cleveland.com/business/index.ssf/2013/02/journal_register_co_sale_set_f.html


7 posted on 02/21/2013 2:51:50 PM PST by abb
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To: abb

Buy high, sell low. Carlos Slim loses dead weight of Globe?

Maybe I can get a job writing the headlines.....


8 posted on 02/21/2013 3:01:22 PM PST by count-your-change (you don't have to be brilliant, not being stupid is enough)
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To: abb

I wouldn’t give them $20

if a conservative buys it the unions/boycotts will shut it down


9 posted on 02/21/2013 3:02:57 PM PST by GeronL (http://asspos.blogspot.com)
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To: abb

Breitbart should put in a bid for it. That would certainly be a lot of fun.


10 posted on 02/21/2013 3:05:02 PM PST by Buckeye McFrog
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To: abb

Boston Snow Globe.


11 posted on 02/21/2013 3:07:49 PM PST by Berlin_Freeper
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To: abb

In 1993 the NY Times paid 1.1 billion for the Boston globe. How much will a buyer pay for it now? 100 million tops I believe >>>>>>>

In 1993, The New York Times Company purchased Affiliated Publications for US$1.1 billion, making The Boston Globe a wholly owned subsidiary of The New York Times’ parent.[5] The Jordan and Taylor families received substantial New York Times Company stock, but the last Taylor family members left management in 2000–2001.


12 posted on 02/21/2013 3:11:37 PM PST by dennisw (too much of a good thing is a bad thing --- Joe Pine)
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To: abb
A few years ago I was working in an old Victorian home in Winchester,Ma., which made the owners prima facie liberals. The phone rang and was answered by a bright 10 year old boy. He told his dad that it was the Boston Globe calling and do we want to subscribe. The dad answered telling his son to “Tell them we don't subscribe to left wing rags”. I wish I could’ve seen the face on the other end when the kid loudly restated his dad's message. In Massachusetts this was a once in a lifetime occurrence.
13 posted on 02/21/2013 3:12:35 PM PST by bramps (Sarah Palin got more votes in 2008 than Mitt Romney got in 2012)
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To: abb

$150 million??? LOL!! Right!

Let’s see what loose change I have in my pocket...


14 posted on 02/21/2013 3:13:40 PM PST by sitetest (If Roe is not overturned, no unborn child will ever be protected in law.)
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To: Da Coyote

They should take a big loss their liberal BS drove it into the ground.


15 posted on 02/21/2013 3:50:37 PM PST by Venturer
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To: abb
prolly easier to sell a blind three legged dog...

16 posted on 02/21/2013 3:51:30 PM PST by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -ww- NO Pity for the LAZY)
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To: abb

http://online.wsj.com/article/SB10001424127887323549204578316422932421526.html
Dish Network Corp. reported a 33% drop in fourth-quarter net income, as subscriber growth slowed and programming expenses rose, highlighting why the satellite-TV operator is looking to diversify into wireless broadband.

http://online.wsj.com/article/SB10001424127887323864304578318593596681934.html
Nielsen Holdings is taking a step towards extending its TV-ratings business to measure online viewing, aiming to gauge how much viewership has drifted away from traditional TV to online outlets.


17 posted on 02/21/2013 4:59:06 PM PST by abb
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To: abb; weegee

18 posted on 02/21/2013 6:28:53 PM PST by martin_fierro (< |:)~)
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