Herald Sox It to Globe

June 29, 2013

It’s no secret that Red Sox owner John Henry is one on the bidders lining up to buy the Boston Globe. Here’s how the Globe itself addressed Henry’s bid yesterday:

At least six groups submit bids to buy The Boston Globe

At least six groups are believed to have submitted bids to buy The Boston Globe, according to several people involved in or briefed on the offers.

The bidders, whose offers were due Thursday at 5 p.m., include several of the names previously reported to have been exploring bids, as well as Red Sox owner John Henry and his Fenway Sports Group . . .

Henry made his bid along with his New England Sports Network co-owner, Delaware North Cos. Delaware is owned by Boston Bruins owner Jeremy Jacobs.

The New York Times Co., which is selling the Globe, previously owned a stake in the Red Sox.

 

Leave it to the Boston Herald, however, to expose the dark underbelly of the potential deal.

4_0John Henry’s Globe bid raises fears

Sports coverage could be affected

Sports-savvy readers could be crying foul if Red Sox owner John Henry’s bid to team up with the owner of the Bruins to buy the Globe wins out, fearing the beleaguered broadsheet would shy away from hard-hitting coverage, according to media experts.

“If he owns the paper, he can give good coverage to the team,” said Edward Atorino, a media analyst with The Benchmark Company. “I know what I would do if it were my paper. I’d certainly want a bias to the positive of covering my team — come on.”

 

A bias to the positive of covering my team? Smooth analysis.

Of course, it’s a perfectly reasonable concern that the Herald raises, given hard times in the news industry and Henry’s past prickliness. It’ll be fun to see how far the feisty local tabloid can stretch it.

Like taffy, we’re betting.


HERALD INTERESTED IN BUYING of GLOBE

June 27, 2013

The Boston Herald always delights in any adversity visited upon the Boston Globe. So it was no surprise that Wednesday’s Schadenfreude Gazette framed the upcoming sale of the stately local broadsheet in the least promising way possible.

Boston GlobeIt’s time to sell the Globe

Bids due tomorrow for daily as experts say price won’t be high

Tomorrow is D-Day at The Boston Globe, as bids for the newspaper’s pending sale are closed by parent company The New York Times, and analysts tell the Herald their expectations for a blockbuster selling price are low.

“I can’t believe it’s making much money, if any money,” said Edward Atorino, a media analyst with the Benchmark Company. “Circulation is declining. Advertising is struggling. Boston online hasn’t really set the world on fire.”

Media expert Ken Doctor of Newsonomics predicted the Globe could sell for between $75 million and $150 million — a far cry from the $1.1 billion the Times paid for the paper in 1993.

 

Oh, and on the way out, don’t forget to tweest:

[T]he Globe has frequently been little more than an afterthought to Times brass, said Atorino.

“I just don’t think Arthur Sulzberger spends a lot of time worrying about the Globe,” said Atorino.

 

Wednesday’s Financial Times also reported on the impeding sale, but in a slightly more positive tone (tip o’ the pixel to Jim Romenesko).

1599e14e-5ef8-4aec-be72-373b829fab46.imgBidders line up for Boston Globe sale

Bids for the Boston Globe and related New England media properties are due Thursday, bringing its owner the New York Times Company one step closer to shedding the big city newspaper that has long been a drag on its business.

A handful of local financiers and Boston personalities are expected to submit bids for the group of assets in the $100m range. Evercore Partners, which is managing the sale of the unit, has told people close to the talks that as many as eight parties have expressed interest.

 

Helpful – if startling – chart:

 

Picture 3

 

The Globe itself had nothing to say about the subject on Wednesday. We’ll keep you posted.