{"id":12688,"date":"2013-08-05T09:09:18","date_gmt":"2013-08-05T13:09:18","guid":{"rendered":"http:\/\/angry.net\/blog2\/?p=12688"},"modified":"2021-07-25T16:13:37","modified_gmt":"2021-07-25T20:13:37","slug":"boston-globe-sold-at-a-major-loss","status":"publish","type":"post","link":"https:\/\/angry.net\/blog2\/?p=12688","title":{"rendered":"Boston Globe sold at a major loss"},"content":{"rendered":"

Good day all. Back in 1993, the mouthpiece for all things Progressive, Socialist, Elitist and Anti-American, the New York Times Publishing company, decided to add to their list of regional propaganda sheets by buying the Boston Globe for $1.1 BILLION dollars.<\/p>\n

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So, how did that work out? It has been announced that the New York Times has sold the Boston Globe for a whopping $70 million dollars. Once again, we see how the Progressives handle actual business matters….incompetently. The buyer is John Henry, the principle owner of the Boston Red Sox. According to the Associated Press<\/a>,<\/p>\n

Times spokeswoman Eileen Murphy confirmed the planned sale of the Globe and other media properties to Henry. The Times said the all-cash sale, expected to close in 30 to 60 days, includes BostonGlobe.com, Boston.com, The Worcester Telegram & Gazette, Telegram.com, the direct mail marketing company Globe Direct and the company’s 49 percent interest in Metro Boston, a free daily newspaper for commuters.<\/p><\/blockquote>\n

Now why did John Henry waste<\/i><\/span> spend $70 million on what is locally called \u201cThe Boring Broadsheet?\u201d<\/p>\n

Henry cited the “essential role that its journalists and employees play in Boston, throughout New England, and beyond.”<\/p>\n

“The Boston Globe’s award-winning journalism as well as its rich history and tradition of excellence have established it as one of the most well respected media companies in the country,” Henry said in a statement.<\/p><\/blockquote>\n

Now for some local information. I am very familiar with the Boston Globe. My late father used to buy the paper every day. He even worked there briefly shortly after the War. (WW 2) However, as time passed, he grew to utterly despise the paper and those running it. I asked him why he continued buying it and he said the business section was good. Actually, he bought it from habit, nothing more.<\/p>\n

One of the big questions will be, why did the Globe\u2019s value plummet so badly? The answer according to media mavens is \u201cA tough environment.\u201d<\/p>\n

The Globe and other newspapers have faced difficulties in recent years as readers have fled to the Internet and advertisers have cut spending on newspapers and moved more ads online.<\/p><\/blockquote>\n

That is a part of the problem of course, but the real reason the value of the Globe as well as the New York Times has crashed is very simple. They stopped reporting news and started acting as shills and propagandists for the Democrat Party. As the internet took off, and people found more and varied sources of information, the propaganda sheets started failing. Interestingly, newspapers that try to maintain a balance seem to be doing reasonably well.<\/p>\n

Still, unless Mr. Henry is going to make some significant changes in the editorial and journalistic reporting of the Boston Globe, the paper will continue to lose money and eventually, John Henry will have no choice but to fold it. He might be able to get some of his investment back through the sale of the real estate, but I doubt it. Even at $70 million, he paid way to much. It will be interesting to see what Howie Carr<\/a> has to say about this tomorrow. I think I\u2019ll tune into his radio show for a little of his patented gloating.<\/p>\n

\"violinist\"<\/a><\/p>\n

Thatisall<\/p>\n

~The Angry Webmaster~<\/b><\/i><\/p>\n\"1\"2\"3\"4\"5 (2<\/strong> votes, average: 1.00<\/strong> out of 5)
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New York Times sells Boston Globe to Red Sox owner | Open …<\/h3>\n<\/div>\n
By Jennifer Saba NEW YORK (Reuters) – The New York Times Co has agreed to sell The Boston Globe to the principal owner of the Boston Red Sox baseball team,<\/div>\n
http:\/\/openmarriage.safahouse.com\/ \u2014 Sun, 04 Aug 2013 11:24:59 -0700<\/span><\/div>\n<\/div>\n
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The Newsonomics of John Henry Buying the Boston Globe …<\/a><\/h3>\n<\/div>\n
In particular, its circulation revenue loss is disturbing. Most other metros that have put in … It was a big auction \u2014 on paper. Literally. The storied Boston Globe, the 141-year-old Globe that has won 21 Pulitzers and dominated its region’s reporting for so long, went for a song: $70 million. … The Red Sox still (nearly always) sell out their games \u2014 so homer coverage isn’t necessary, and controversy about managers and players only feeds interest. Should Red Sox players become …<\/div>\n
http:\/\/newsonomics.com\/<\/a> \u2014 Sun, 04 Aug 2013 11:24:42 -0700<\/span><\/div>\n<\/div>\n
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New York Times Sells Boston Globe At 93% Loss | 2048 Ideas<\/h3>\n<\/div>\n
New York Times Sells Boston Globe At 93% Loss. An anonymous reader writes “The New York Times announced this morning that it has sold the Boston Globe newspaper and related assets, including the Boston.com website and the …<\/div>\n
http:\/\/2048ideas.blogspot.com\/ \u2014 Sun, 04 Aug 2013 10:49:00 -0700<\/span><\/div>\n<\/div>\n
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Full Count \u00bb Red Sox minor league roundup: Henry Owens …<\/h3>\n<\/div>\n
Bruins GM Peter Chiarelli with Salk and Holley \u00b7 Kevin Paul Dupont (@GlobeKPD), Boston Globe, Joins Mustard… Ace Ticket Bruins \u00b7 National …. TRIPLE-A PAWTUCKET RED SOX: 5-3 LOSS AT BUFFALO (BLUE JAYS). (BOX). \u2013 Shortstop …<\/div>\n
http:\/\/fullcount.weei.com\/ \u2014 Sun, 04 Aug 2013 09:45:29 -0700<\/span><\/div>\n<\/div>\n
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DOC’S POTPOURRI: MEDIATATION<\/a><\/h3>\n<\/div>\n
Just this week the New York Times Corporation sold its ownership in the once prestigious Boston Globe including among other assets in the deal the Worchester Telegram & Gazette for $70 million. Twenty years ago the Times Corp bought the Globe for$1.1 billion; this represents a loss of 1 Billion,30 million dollars in value in 2 decades Other losses in Newspaper s as represented by sale prices include the Philadelphia papers which had been sold for $515 mil in 2006 ; and in 2012 …<\/div>\n
http:\/\/dpotpourri.blogspot.com\/<\/a> \u2014 Sun, 04 Aug 2013 08:34:00 -0700<\/span><\/div>\n<\/div>\n
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Rick Santorum: ‘I’m Open to’ 2016 Presidential Bid | TheBlaze.com<\/h3>\n<\/div>\n
He may be the best that has a chance right now, but I’m still not sold on him. ….. Liberal Radio Host: Conservative Policies Driving More Americans to Suicide 189 Comments \u00b7 The Boston Globe signage hangs on the side of its building on Feb. 20, New York Times Agrees to Sell Boston Globe to Red Sox Owner at a Massive Loss Read More \u00b7 Backpedaling: Cellphone Maker Replaces Risque Marketing Hours After Release Read More \u00b7 U.S. Added 162,000 Jobs in July, Lowering …<\/div>\n
http:\/\/www.theblaze.com\/ \u2014 Sun, 04 Aug 2013 08:25:26 -0700<\/span><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Good day all. Back in 1993, the mouthpiece for all things Progressive, Socialist, Elitist and Anti-American, the New York Times Publishing company, decided to add to their list of regional propaganda sheets by buying the Boston Globe for $1.1 BILLION dollars. Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":6875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[32,135,71,8,115],"tags":[90,24,34],"class_list":["post-12688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","category-just-desserts","category-news-of-the-day","category-politics","category-stupidity-crime","tag-moonbattery","tag-socialism","tag-stupidity"],"views":1119,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2012\/03\/Suicide_Booth.jpg?fit=706%2C540&ssl=1","jetpack-related-posts":[{"id":20891,"url":"https:\/\/angry.net\/blog2\/?p=20891","url_meta":{"origin":12688,"position":0},"title":"The Boston Globe really hates Donald Trump","author":"Angry Webmaster","date":"April 10, 2016","format":false,"excerpt":"Good day all. Yesterday a story broke regarding a fake front page story the Boston Globe created for their Sunday paper regarding Donald Trump becoming president. The phoney front page, (.pdf file), ties in with an editorial demanding that the Republican Party stop Trump essentially at all costs. (Up to\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/angry.net\/blog2\/?cat=176"},"img":{"alt_text":"Donald Trump","src":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2016\/03\/Donald-Trump-300x214.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":20049,"url":"https:\/\/angry.net\/blog2\/?p=20049","url_meta":{"origin":12688,"position":1},"title":"\u201cI am the gun owner you hate\u201d","author":"Angry Webmaster","date":"January 12, 2016","format":false,"excerpt":"Good day all. A few days ago a letter to the editor in the Boston Globe was posted and caught a number of people by surprise. It was a letter written by a gun owner who is also has a permit to carry a concealed weapon.","rel":"","context":"In "Hero"","block_context":{"text":"Hero","link":"https:\/\/angry.net\/blog2\/?cat=181"},"img":{"alt_text":"Gunny Lock & Load","src":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2013\/03\/Gunny-Lock-Load-300x285.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":26759,"url":"https:\/\/angry.net\/blog2\/?p=26759","url_meta":{"origin":12688,"position":2},"title":"Newspapers declare War on Trump!","author":"Angry Webmaster","date":"August 13, 2018","format":false,"excerpt":"And in other news, water is wet, the sun is hot and night time is dark. Good day all. The Boston Globe has decided that it will lead an attack of words against President Donald Trump. The reason? President Trump says mean things about them. Since before the election, the\u2026","rel":"","context":"In "Moonbat"","block_context":{"text":"Moonbat","link":"https:\/\/angry.net\/blog2\/?cat=100"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2012\/08\/double-facepalm-300x240.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":44103,"url":"https:\/\/angry.net\/blog2\/?p=44103","url_meta":{"origin":12688,"position":3},"title":"Democrat Stupidity on illegal aliens doubles down in Beantown","author":"Angry Webmaster","date":"December 12, 2024","format":false,"excerpt":"Good day all. In the category of not having a clue, the Democrat mayors in Blue cities appear to have a lock on cluelessness. Even though a significant majority of Americans and Legal Resident Aliens are on board with deporting every illegal alien in the country, these idiots are doubling\u2026","rel":"","context":"In "Just Desserts"","block_context":{"text":"Just Desserts","link":"https:\/\/angry.net\/blog2\/?cat=135"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2022\/12\/th-772108034-300x300.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":40868,"url":"https:\/\/angry.net\/blog2\/?p=40868","url_meta":{"origin":12688,"position":4},"title":"Boston Mayor goes full Biden, sics police on critics","author":"Angry Webmaster","date":"July 22, 2023","format":false,"excerpt":"Good day all. It\u2019s generally accepted that the Biden Maladministration is using the Department of Justice and the alphabet soup of law enforcement agencies as their own personal secret police force, going after anyone they perceive as a threat to the Deep State and the Regime. Now we have lower\u2026","rel":"","context":"In "liberty"","block_context":{"text":"liberty","link":"https:\/\/angry.net\/blog2\/?cat=37"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/i.pinimg.com\/originals\/fc\/5f\/ea\/fc5feae1de303f512765b89c765ca253.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":8196,"url":"https:\/\/angry.net\/blog2\/?p=8196","url_meta":{"origin":12688,"position":5},"title":"Second worst president does it again","author":"Angry Webmaster","date":"June 26, 2012","format":false,"excerpt":"James Earl Carter, the 39th and second most incompetent president in United States History has done it again. He has opened his mouth and jammed his foot so deep into it he had to drop his pants to put his shoe on.","rel":"","context":"In "Moonbat"","block_context":{"text":"Moonbat","link":"https:\/\/angry.net\/blog2\/?cat=100"},"img":{"alt_text":"Barking Moonbat","src":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2010\/02\/barking_moonbat3.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts\/12688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12688"}],"version-history":[{"count":11,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts\/12688\/revisions"}],"predecessor-version":[{"id":35082,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts\/12688\/revisions\/35082"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/media\/6875"}],"wp:attachment":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}