Good luck, Globe.
"Globe publisher sees future for paper; But predicts more reductions ahead" by Robert Gavin, Globe Staff | May 8, 2009
Boston Globe publisher P. Steven Ainsley expects the Globe will continue to reduce its workforce in the near future in the face of economic and industry downturns. He also predicted, assuming union members ratify financial and contract concessions, that the Globe will still be publishing a year from now - and beyond....
But will we still be reading it?
Asked whether the Times Co. was likely to sell the Globe, Ainsley declined to comment, citing a company policy against commenting on such matters. Citing unnamed executives, The New York Times reported yesterday that the Times Co. is shopping the paper around. A Times Co. spokesman declined to comment.
See: Boston Globe Begs For a Buyer
"Layoffs or staff reductions or force reductions are probably part of the way we operate this newspaper for at least the foreseeable future," Ainsley said. He conceded that cutbacks are not the solution to the Globe's and the newspaper industry's woes. While the outlook will improve when the economy recovers, much of the advertising on which newspapers traditionally depended, primarily classified ads for jobs, homes, and cars, won't return.
They are holding on to that delusion until the very end, aren't they?
See: The Boston Globe Admits Iraq Lies Killed It
As a result, the newspaper business model is shifting away from an almost complete dependence on advertising for revenues to one that will have readers pay more. For example, the Globe recently raised the price on single-copy newsstand sales and will soon announce increases in subscription prices, Ainsley said.
Which is why I'M NOT BUYING IT as much -- if at all!!!
One factor in deciding to raise those rates was the outpouring from readers who wrote or called after learning of the closure threat and said they would be willing to pay more. One reader from Mattapan even sent a $50 check to help support the paper.
I'm sorry, Globe, but this is SHAMELESS and DISGUSTING JUSTIFICATION for raising prices. Shit like this gets me so angry I'll probably keep my $1.50 tomorrow.
The Globe, Ainsley said, is studying ways to charge readers of its online affiliate, Boston.com, although it's unclear how that might be done. One method the industry is studying is micropayments, in which readers are charged small amounts when, for example, they click on a story.....
Screw you! Get it from the Jewish mafia you front for!
Also see: Bye-Bye, Boston Globe
And are they ever begging for a buyer, folks.
"With cuts, Globe could become more attractive to potential suitors" by Keith O'Brien and Steven Syre, Globe Staff | May 7, 2009
For a newspaper that lost $50 million last year and is on pace to lose even more this year, The Boston Globe is decidedly more attractive to a potential buyer today than it was just a week ago....
What are you guys smoking down there? Whatever it is, it sure shows in the news coverage.
But.... does not necessarily mean that potential buyers will be lining up.... The newspaper industry's outlook as a whole doesn't look any better....
But, but, but, there has to be SOMEONE OUT THERE SOMEWHERE that would be willing to buy an agenda-pushing, war-promoting, money-losing shit-sheet!!!
Look, Globe, a straw!!!
This spring, a Beverly Hills private equity firm, Platinum Equity, purchased The San Diego Union-Tribune, despite the paper's disastrously decreasing revenues, for an undisclosed sum. Mark Barnhill, principal at Platinum Equity, declined to comment yesterday on whether the company might also be interested in acquiring the Globe. The company, he said, does not comment on its acquisition plans. But even now, Barnhill said, with all the changes rocking the newspaper industry, Platinum Equity is looking to add more papers to its holdings.
--more--"
Oh, the Globe going platinum, huh?
You know what they say: you can pour perfume on a turd and encase it in bronze but it still smells like s***.
