Boston Globe Herald Hostage, Day 4

February 24, 2013

The Schadenfreude Gazette is so desperate for new ways every day to bash the Globe over its impending sale, the feisty local tabloid is willfully ignoring reality just to get in some cheap shots. Today’s case in point (no idea why the “1” is upper right, but couldn’t get rid of it):

Picture 1

 

Let’s skip over Howie Carr’s bulk-mail offering (“I have next to nothing in common with the pampered pukes of Morrissey Boulevard — I went to a state college, I’m not in the Social Register, I don’t have a trust fund, I wasn’t born and raised on Park Avenue, I never summered in the Hamptons” blah blah blah) and go right to the alleged news report.

121611globemh01.1Murdoch, Times have mutual interest in bid

Media tycoon Rupert Murdoch, reported to be on The New York Times Co.’s shortlist of suitors for its Boston Globe, would be a bargain hunter looking to get the Hub newspaper on the cheap from his archrival at the Times, who in turn could use the News Corp. chairman’s bid to drive up the price of other offers, according to media analysts.

“The perception is that Rupert is the leading buyer of newspapers in the country if not, I suppose, the world. So obviously … if you are selling a newspaper, you certainly want him in the action,” said Vanity Fair contributing editor Michael Wolff, author of “The Man Who Owns the News: Inside the Secret World of Rupert Murdoch.”

 

This is just refried slop from yesterday’s edition, complete with quotes from the reptilian Michael Wolff. It also recycles this piece from the Wall Street Journal:

The Wall Street Journal, which Murdoch’s company bought from the Bancroft family for $5 billion in 2007, cited sources in reporting Friday that the Times Co. is “hoping to draw a bid” from Murdoch — even as the Times has been in talks with another potential buyer who submitted a 
$100 million bid last month.

 

Problem is, they forgot to crib the most important part:

News Corp.’s ownership of a television station in Boston would rule out purchase of the Globe, given regulatory rules that prohibit companies owning a newspaper and a TV station in the same market, said a person familiar with the situation.

 

But hey – why let facts get in the way of a good poke in the competition’s eye, eh?

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Boston Globe Herald Hostage, Day Three (Volume 2)

February 23, 2013

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:

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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.


Boston Globe Herald Hostage, Day Three

February 23, 2013

Another day, another dolor for the Boston Globe.

As gleefully recorded by The Schadenfreude Gazette:

STON1787.JPGTimes sidesteps Globe layoff question

A top New York Times Co. official reportedly didn’t rule out layoffs at the Boston Globe but assured a swift sale during tense meetings with employees yesterday, while the first potential bidder for the 141-year-old broadsheet emerged — Bay State auto magnate Ernie Boch Jr.

“I grew up not only reading the Boston Globe but doing business with the Boston Globe,” Boch told the Herald yesterday after throwing his hat in the ring. “I feel it has lost its way over the last few years. I feel I have the right recipe to put it back on track.”

Last night, Boch tweeted: “Print is not dead!”

 

C’mon down, Ernie Jr.!

But – to stick with the automotive theme – it’s just as likely the Times Co. will sell to a private equity firm that will strip the Globe for parts like a car left overnight on the Cross Bronx Expressway.

Stay tuned for further details.


Boston Herald: Your Zumba Hooker Headquarters (II)

February 22, 2013

While the Boston Globe resolutely neglects the Zumba Hooker trial in Kennebunk, Maine (this ran on the Web but not in print), our feisty local tabloid is on it like Brown on Williamson. Today’s installment:

012413zumba16‘Moaning, groaning’ in Zumba testimony

The bizarre twists and turns in the trial of the alleged owners of a Zumba dance studio-based brothel in posh Kennebunk, Maine, continued yesterday as a next-door pizza parlor manager told of being flashed by the woman accused of providing sex for money, and her landlord told of “moaning and groaning” with men coming and going every 30 to 60 minutes as early as 
5 a.m.

The titillating testimony came in the trial of Mark Strong Sr., accused of 
13 counts of promoting prostitution. Strong is the business partner of Alexis Wright, 30, who is accused of engaging in prostitution at the dance studio, at an office across the street and at her own home. Authorities have said she videotaped clients without their knowledge. She will be tried later.

“She fussed around with her wallet and off goes the towel. I felt awkward,” said Dan Racaniello, the pizza shop manager.

 

That’s it? Awkward? Obviously not a prospective client.


Boston Globe Herald Hostage, Day Two

February 22, 2013

The Schadenfreude Gazette is at it again today:

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Obligatory two-page spread:

Picture 2

 

Helpful chart:

Picture 4

 

Oh, yes – don’t forget Jerry Holbert’s editorial cartoon:
holberts 02-22 cartoon

 

Highlight of the Herald’s coverage: Jessica Heslam’s interview with the reptilian Michael Wolff about News Corp. Dark Knight Rupert Murdoch as a potential buyer:

“Rupert would be terrifically interested in the Boston Globe,” said Vanity Fair contributing editor Michael Wolff, author of “The Man Who Owns the News: Inside the Secret World of Rupert Murdoch.” “Rupert is now in the process of shopping for American newspapers but doing that in the context of that this is the bottom of the market.”

So what would be the right price for Murdoch?

“Practically free,” Wolff told me. “Assuming that there is cash flow, he would buy it on a heavily, heavily, heavily, heavily discounted basis. Rupert, at this point, is an economic buyer.”

 

But an unlikely one, says old friend Mark Jurkowitz, associate director of the Pew Research Center’s Project for Excellence in Journalism. “The prospect of Rupert going head-to-head with the Boston Herald seems somehow un-American. That’s his baby. … That would surprise me.”

Crosstown at the stately local broadsheet meanwhile, Globe columnist Kevin Cullen has a message for the Heraldniks:

The change that is coming is about business, not journalism. As for the delight fully delusional people who see a change of ownership as a death sentence, the natural consequence of the Globe being part of the vast left-wing conspiracy, please, sit back, crack another cold one and adjust your tinfoil hats. Ask Sal DiMasi, John Tierney, and Mike McLaughlin, just recent examples, if they think the Globe goes easy on Democrats.

The Globe isn’t going anywhere. It’s changing owners.

 

Message: Stick that in your pipe, Howie.


Boston Globe on the Block (Take Two in the Local Dailies)

February 21, 2013

Today’s Boston Globe tucks the news of its imminent sale discreetly below the fold on Page One:

Picture 4

 

The Schadenfreude Gazette, on the other hand, goes a bit bolder.

Picture 2

 

Note the “employees get word by press release.”  Don’t forget to tweest, eh?

Inside, more of the same:

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This is manna from heaven for the Herald. Don’t expect them to stop shoveling it in for quite a while.


Boston Globe on the Block (Take One in the Local Dailies)

February 21, 2013

The hardreading staff usually restricts itself to the print editions of the local dailies, but we just can’t wait till morning for the bakeoff over the New York Times Co. plan to sell the Boston Globe.

So . . . from their respective websites.

Boston Globe:

Times Co. hires firm to find buyer for The Boston Globe

The New York Times Co. said Wednesday that it plans to sell the New England Media Group, including The Boston Globe and its related online properties, and has hired an investment banker to find a buyer.

The Times Co. has hired Evercore Group, a New York-based firm that has been involved in other newspaper transactions, to help solicit bids from potential buyers.

“Our plan to sell the New England Media Group demonstrates our commitment to concentrate our strategic focus and investment on The New York Times brand and its journalism,” said Mark Thompson, chief executive of the Times Co., in a statement.

 

And etc., including this: “The Times Co. last tried to sell the Globe in 2009, after first threatening to shut the newspaper down because it was losing money. After receiving wage cuts and other cost-saving concessions from Globe employees, the Times Co. decided not to sell at that time, saying it had received bids lower than it had hoped from two different business groups.”

Who – what – want to pony up more now?

(As best the hardremembering staff recalls, they were offering $35 million for what the Times Co. paid $1.2 billion to buy.)

Expanded Globe story here.

Cut to the Boston Herald:

Boston GlobeStaff braces again as Globe on block

The worst kept secret in town — that The Boston Globe is up for sale — 
became official yesterday when the paper’s New York owners publicly put it back on the block in a move that set off wild speculation about who will buy the beleaguered broadsheet and what’s in store for its staff.

The proposed sale — announced in a press release by its owner, The New York Times Co., that caught the Globe’s staff off guard — marks the second time the paper has been on the market since 2009. It also comes as key managers have jumped ship in recent months, among them editor Marty Baron and boston.com general manager Lisa DeSisto.

Industry experts predict it could be a tough sell for the Times, unless it takes on the tens of millions in Globe pension obligations.

 

Kevin Kamen, a newspaper broker from New York, estimates the Globe’s worth at $63 million, according to the Herald report.

Of course, Herald columnist Howie Carr values it significantly lower.

Clueless fops wonder why they’re tanking

Who in his right mind would ever buy The Boston Globe?

Maybe the physical plant of the “newspaper” on Morrissey Boulevard, but the actual product? Let me put it another way: When was the last time you bought an actual copy of The Boston Globe? Why would you, it only encourages them.

Has ever a publication fallen so far, so fast?

It’s the Carnival Triumph of the newspaper business. It’s the Patriots in the second half against the 
Ravens. It’s Tim Murray in his jammies, flooring his state Crown Vic as the stone wall looms up ahead.

 

It’s also Howie trying way too hard.

Then again, what else is new?