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:

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.


Boston Globe Herald Hostage, Day Two

February 22, 2013

The Schadenfreude Gazette is at it again today:

Picture 1

 

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.