Will the Boston Globe go out of business? Almost certainly not, despite the threat issued last week by its owner, the New York Times Company, that it would shutter the plant if the Globe's unions don't cough up $20m in concessions within 30 days. Full Story »
Posted by Derek Hawkins
A well done piece about my other "home town" paper. Gets into the issue of the papers vast debt load, lack of revenues via dropping advertising etc. Not much mention of the poor business management and the long history of financial benign neglect. Today they raised the price by 50 Percent..its not likely ot increase sales, the WSJ is only a half a buck more, a superb paper.
While having moments of excellent investigative journalism, on a day to day basis the paper has little to offer. The business section is a joke and sports are the main stay. I'd love to see the Times offer International Herald Tribune here..A GREAT PAPER!.
Without paying much attention to it, Kennedy points to one of the prime reasons for the failings of so many newspapers, the highly leveraged buyouts when "parent" companies were flush with credit,
Kennedy as most reporters looks at cover price, and the mythilogical unfunded costs, while unfunded costs attributed to retirement should have already been funded by federal law, the lifetime salaries are an annual expense and total liability is only a wild guess.
The global warmers hate this because it threatens their opportunity to make us sort our garbage, ride bicycles and have gardens. It also cuts off huge tax revenues sure to benefit the time servers of the world.
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