Boston Globe Herald Hostage, Day Three (Volume 2)

The print edition of The Schadenfreude Gazette has arrived at the Global Worldwide Headquarters of Two-Daily Town, so here’s a better look at today’s offerings:

Picture 1

 

The hardreading staff previously noted the feature story. A taste of the others:

As it went down on Twitter …

Globe reporter Mark Shanahan — @MarkAShanahan — tweeted yesterday’s town hall gathering, where New York Times. Co. vice chairman Mark Golden discussed plans to sell the broadsheet with Globe employees. Here is Shanahan’s report:

‘Sorry for the way this unfolded. It was not our intention,’ says @nytimes about being scooped on its plan to sell @bostonglobe . . .

 

And:

Herald’s commenters plot future for broadsheet

With a for-sale sign planted outside the Boston Globe, would-be media moguls of every stripe were set free this week to sketch their plans for a bold entry into the New England media landscape.

All they needed was $100 million, give or take.

“I would buy the Globe in a heartbeat if I had the money,” said George during yesterday’s Friday Throwdown news chat. “And I would take the editorial page from far left to common-sense middle of the road.” . . .

 

And – THIS JUST IN from the feisty local tabloid’s website (picked up from the Wall Street Journal):

STON7943.JPGReport: Times gets $100M Globe bid, wants Murdoch deal

The New York Times Co. is pushing for a deal for the Boston Globe with media mogul Rupert Murdoch, but has also received a bid for the beleaguered broadsheet for more than $100 million, the Wall Street Journal reported.

The bid came from Rick Daniels, a former Gatehouse Media New England president and ex-Globe executive, and private equity firm Boston Post Partners, represented by managing director Heberden Ryan, the Journal said. The Herald first reported that Boston Post Partners has long been a key player in the sale of the Globe.

 

Of course, current FCC regulations prohibit cross-ownership of a TV station and newspaper in the same market, and it’s unlikely Murdoch would trade Fox 25 for the Globe.

Meanwhile, crosstown at the stately local broadsheet, there’s this in today’s print edition, back on Metro B5:

Michael Golden_1Globe staff briefed on plans to sell paper

Executive vows responsible handover

New York Times Co. vice chairman Michael Golden told Boston Globe employees Friday that the company has a duty to seek the highest bidder in a sale but aims to leave the newspaper in responsible hands.

“We have no intention to send the New England Media Group to the slaughterhouse,” he said in one of three town-hall style meetings with employees.

Golden came to Boston to discuss the Times Co.’s plan to sell the Globe, the Worcester Telegram & Gazette, and their related websites. In the meetings, he made no promises about what kind of suitors the Times Co. would consider.

 

When asked by the staff whether the Times Co. has a duty to find “a good steward of New England’s largest newspaper,” he replied “we will take what we consider to be the best bid.”

Uh-oh.

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One Response to Boston Globe Herald Hostage, Day Three (Volume 2)

  1. […] Read the rest at It’s Good to Live in a Two-Daily Town. […]

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