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Comments to date: 14. This is page 1 of 2. | |
Mondo Times editors
Boulder Colorado USA | Posted at 3:21pm on Saturday, November 7th, 2009 | New Editor Reinvents Globe's Editorial Page
The Boston Phoenix reported on November 6, 2009:
"Readers have received a bevy of cues that, on Peter Canellos’s watch, the paper’s op-ed section will be marked by sharper rhetorical elbows and a contrarian streak that just might challenge the long-standing conflation of the Globe with knee-jerk liberalism.
Globe bashers may find this implausible. Of late, however, Globe editorials have panned the Boston Teachers Union and ripped President Barack Obama’s recent foray into economic protectionism. And the paper’s August 27 editorial on Ted Kennedy’s death began with the following provocative assertion: “Ted Kennedy was not a great man.”
The full story:
http://thephoenix.com/Boston/News/92474-Difference-of-opinion/
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Mondo Times editors
Boulder, Colorado USA | Posted at 11:52pm on Sunday, November 1st, 2009 | Boston Globe publisher P. Steven Ainsley will leave the job at the end of 2009. Ainsley will be replaced by Christopher M. Mayer, the newpaper's senior vice president for circulation and operations.
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Mondo Times editors
Boulder, Colorado USA | Posted at 1:16pm on Tuesday, October 20th, 2009 | The New York Times Company has decided not to sell the Boston Globe. Globe staff writer Beth Healy reported the story on October 14, 2009:
"The New York Times Co. said it has decided not to sell The Boston Globe, saying the paper’s financial performance had “significantly improved” in recent months.
The company had been exploring a sale of New England’s largest newspaper and had received two bids to buy the Globe and the Worcester Telegram & Gazette, which it also owns. The Times Co. said it is continuing to assess "strategic alternatives" for the Worcester paper.
Times Co. executives had said they may not sell the Globe -- and the swift decision to take the paper off the market less than a week after bids were due -- may reflect that the offers were too low. It was unknown what the final bids were but in a preliminary round each suitor offered about $35 million for the Globe and the T&G, plus the assumption of $59 million in pension liabilities. The Times Co. had purchased the Globe for $1.1 billion in 1993, and the T&G for $296 million in 2000."
The full story:
http://www.boston.com/business/ticker/2009/10/nyt_terminates.html
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Mondo Times editors
Boulder, Colorado USA | Posted at 4:37pm on Friday, July 31st, 2009 | Two Boston groups have made early bids to buy the Boston Globe, the newspaper reported on July 31, 2009:
"Two Boston groups submitted preliminary bids yesterday to buy The Boston Globe to meet a deadline set by owner The New York Times Co., according to people with knowledge of the offers.
One group is led by Boston Celtics co-owner and Bain Capital executive Stephen G. Pagliuca and Jack Connors, the chairman of Partners HealthCare and a former advertising mogul. The other is led by Stephen E. Taylor, a former Globe executive and member of the family that sold the Globe to the Times Co. in 1993 for $1.1 billion.
Under an auction set up by the Times Co., interested bidders had until yesterday to sketch out plans for the newspaper and its website, Boston.com."
The full story:
http://www.boston.com/business/articles/2009/07/31/two_local_groups_offer_early_bids_to_buy_globe/
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Mondo Times editors
Boulder, Colorado USA | Posted at 10:32pm on Monday, June 29th, 2009 | The New York Times Co. reportedly set a bid deadline for the Boston Globe, the newspaper reported on June 26, 2009:
"The New York Times Co., through its investment banker, has asked potential buyers of The Boston Globe to submit preliminary bids by July 8, according to people briefed on the sale process.
In a letter to parties that have expressed interest in buying New England’s largest daily, investment banking firm Goldman Sachs & Co., which was hired by the Times Co. to manage a possible sale, said it is looking for preliminary indications of interest, including a potential price range for bids, the people said.
The Times Co. bought the Globe for $1.1 billion in 1993 and the T&G in 2000 for $295 million. The T&G is the largest daily in central Massachusetts."
The full story:
http://www.boston.com/business/ticker/2009/06/times_co_report_2.html
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Mondo Times editors
Boulder Colorado USA | Posted at 9:44pm on Tuesday, June 9th, 2009 | The Boston Globe's largest union has rejected pay cuts, the newspaper reported on June 8, 2009:
"The Boston Globe's largest union tonight narrowly rejected $10 million in wage and benefit cuts, and about an hour later the paper's owner declared an impasse in negotiations and imposed a 23 percent pay cut on the union's members, effective next week.
The move by The New York Times Co., which said the Globe's dire financial condition gave it no choice, could quickly shift the bitter contract dispute from the bargaining table to the National Labor Relations Board and federal courts. The Boston Newspaper Guild, which represents nearly 700 editorial, advertising, and business office workers, has told members it would file unfair labor practice charges with the board, and seek a court order blocking the Times Co. from imposing the pay cut.
In a statement, Globe spokesman Robert Powers said management was disappointed by the vote, and that the company must now move ahead with the deep pay cut. He said the company sent a letter advising Guild officials of the move tonight."
The full story:
http://www.boston.com/business/ticker/2009/06/globes_largest_1.html
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Eric Kallgren
Boulder, Colorado USA | Posted at 4:36pm on Saturday, May 9th, 2009 | The Boston Globe reached a deal with its largest union, which should avert the threatened closing of the paper, the Globe reported on May 6, 2009:
"The Boston Globe's largest union reached a tentative deal with the New York Times Co. shortly after 3 a.m. this morning, agreeing to a substantial pay cut, unpaid furloughs, and modifications to the lifetime job guarantee provisions that protect almost 200 employees in the Boston Newspaper Guild, according to sources familiar with the deal.
With the agreement, the guild, representing more than 600 editorial, advertising, and business office employees, became the last of the newspaper's major unions to agree to concessions with the Times Co. The Globe's parent company now has the $20 million in concessions that it demanded a month ago. And perhaps more importantly, the Times Co. succeeded in changing the job guarantee language, which was widely considered a roadblock to any potential sale of New England's largest newspaper."
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Eric Kallgren
Boulder, Colorado USA | Posted at 10:30pm on Tuesday, May 5th, 2009 | The New York Times Company is playing hardball with the unions at the Boston Globe, the New York Times reported on May 4, 2009:
"Negotiations between the New York Times Company and the Boston Newspaper Guild over concessions that could avert the closure of The Boston Globe apparently reached Sunday’s midnight deadline without a deal.
Little more than an hour before the deadline, the Times Company said it would file a notice under federal law stating its intention of closing The Globe within 60 days."
The full story:
http://www.nytimes.com/2009/05/04/business/media/04paper.html?ref=media
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Eric Kallgren
Boulder, Colorado USA | Posted at 12:56pm on Monday, April 27th, 2009 | The Boston Globe can't buy a break. For the six months ending March 31, 2009, daily circulation at the Globe dropped 13.6% to 302,638 copies. Sunday decreased 11.2% to 466,665.
The numbers are from the Audit Bureau of Circulations (ABC), released on April 27, 2009.
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Eric Kallgren
Boulder, Colorado USA | Posted at 12:28pm on Friday, April 10th, 2009 | The Boston Globe is on the death watch, bemoans Conde Nast Portfolio, which is also on the death watch:
"With a weekday circulation of about 350,000, the Globe is reported to be on track to lose $85 million in 2009. "For a newspaper of their size, that's just an extraordinary amount of money," says analyst Edward Atorino of the Benchmark Co. Obviously The New York Times Co. agrees, or it wouldn't be threatening to shut the Globe down unless it can bring those losses down by $20 million in a hurry."
Read the full article:
http://www.portfolio.com/views/blogs/mixed-media/2009/04/08/why-the-boston-globe-is-on-the-death-watch
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