January 7, 2022
Boston GlobeSox owner John Henry’s sports shopping spree is apparently not over yet.
His Fenway Sports Group – which includes the Boston Red Sox, the Liverpool Football Club, Fenway Sports Management,50% of RFK Racing, and 80% of NESN – added the Pittsburgh Penguins to that roster last month. Now Henry is looking to drop an NBA franchise into his cart, as Justin Leger reported at NBC Sports Boston back in November.
John Henry and Tom Werner hope to add an NBA team to their sports investment empire, according to a report posted by Axios . . . The news comes just days after it was revealed the Boston Red Sox ownership group was nearing a deal to buy the NHL’s Penguins for roughly $875 million.
It is not yet known which NBA teams Fenway Sports Group has on its radar, but Axios states that it is expected to seek out a target sometime in 2022.
Coincidentally, the New York Times is also in an acquisitive mood; the Grey Lady is coughing up $550 million – in cash – for subscription sports site The Athletic. And the Times is not stopping there, according to this CNBC report by Lauren Feiner and Alex Sherman.
The Athletic signals a potential future acquisition strategy by the NYT to target niche, community-based journalism enterprises with high-interest audiences willing to pay subscription fees for reporting. Sites that specialize in science, tech, and other specific interests are likely future targets for the Times, said the source who spoke with CNBC.
So let’s think this through: John Henry wants to buy an NBA franchise (average value: $2.4 billion). The Times wants to buy verticals such as, oh, STAT – the medical and biotech site Henry launched in 2015. According to Rick Edmunds at Poynter, STAT has seen its traffic grow fivefold and its staff increase by 50% since the start of the pandemic.
Sounds like a natural. The harddealing staff should get 10% if it goes through, don’t you think?
Leave a Comment » | Uncategorized | Tagged: Alex Sherman, Axios, Boston GlobeSox, Boston Red Sox, CNBC, Fenway Sports Group, Grey Lady, John Henry, Justin Leger, Lauren Feiner, Liverpool Football Club, NBC Sports Boston, NESN, New York Times, Pittsburgh Penguins, Poynter, RFK Racing, Rick Edmunds, STAT, Tom Werner | Permalink
Posted by Campaign Outsider
June 28, 2016
The hardreading staff generally admires media criticism from the peripatetic Jack Shafer, but his latest Politico piece is a little low-hanging-fruitish.
Uh-Oh. Here Come the Brexperts.
Reporters: Don’t know much about Brexit? Don’t let that stop you.
Who could have predicted that the press harbored so many experts on the repercussions of Brexit? Following Thursday’s vote by the British electorate to leave the European Union, these whizzes crowded the airwaves, clogged the newspapers and swamped their websites with assessments of the breakup’s meaning.
Obviously, some outlets that specialize in finance and cover the Eurozone—like the Financial Times, the Wall Street Journal and CNBC—have a handle on the subject; they’d been covering it long before Thursday. But as you stray from these specialists for the generalists, whose job it is to report on whatever Topic A might be that day (weather, politics, infectious disease, baseball), the more the Brexit coverage begins to resemble one long amateur hour.
Yeah, except most of journalism is amateur hour: generalists interviewing specialists to cobble together something that sounds vaguely reasonable. And, very often, reasonably vague.
Regardless, here’s Shafer’s Boston Globe nuts-to-you graf:
At the Boston Globe, for example, reporter James Pindell dug deeply into his bag of journalistic clichés last week to deduced that the Brexit vote was “about the economy, stupid” and that if Brexit caused a recession it would “dramatically change the conversation of the presidential race.” No kidding! Michael A. Cohen, a regular on the Globe op-ed page, concluded that it was not David Cameron’s fault Brexit passed, nor was it Jeremy Corbyn’s, nor could it be blamed on the EU elites who pushed immigration. It was “actual voters.” Another astonishing finding.
C’mon, Jack – you can do better than to beat up on what’s essentially beat reporting (in every sense of that phrase). Besides, you’re always a lot more interesting when you go after the high-hanging fruit.
Leave a Comment » | Uncategorized | Tagged: Boston Globe, Brexit, CNBC, David Cameron, EU, European Union, Financial Times, Jack Shafer, James Pindell, Jeremy Corbyn, low-hanging-fruitish, Michael A. Cohen, Politico, Wall Street Journal | Permalink
Posted by Campaign Outsider