Don't you wish you'd gotten a loan from the mayor, Globe?
:-)
"Menino offers loan to keep Banner afloat" by Meghan E. Irons and Milton J. Valencia, Globe Staff | July 17, 2009
The City of Boston will offer to loan the Bay State Banner up to $200,000 to keep the cash-strapped weekly newspaper from shutting down permanently, Mayor Thomas M. Menino said last night.
UNREAL!
The guy is LAYING OFF TEACHERS and COPS but he can come up with $200k for a newspaper?
Talk about BUYING VOTES!!!
The mayor told the Globe that the loan will come from the Boston Local Development Corp. fund, a private nonprofit administered by the Boston Redevelopment Authority that provides financial infusions to struggling small businesses....
Related: How Big is Your BRA, Boston?
The Banner had become notably thinner
I've noticed the same thing about the Boston Globe.
And why edit and cut this phrase, Globe?
, with fewer ads.
??????
Dot Joyce, the mayor’s spokeswoman, said details and timing of the loan to the Banner have not been finalized: ‘‘Everybody understands this industry is changing, and the Banner has a chance to be on the forefront of what that new change could be.’’
You mean closing down? $200k in LOANS isn't going to save them!
--more--"
'course, it ain't costing Menino anything.
Update: Bay State Banner to accept Boston’s loan offer
