Because they DID IT AGAIN!
Not only is the Globe increasing filled with agenda-pushing garbage, it is IGNORING and OMITTING certain places!!!!
"Deadline for Globe bids postponed; No new date given to possible buyers" by Robert Weisman, Globe Staff | July 7, 2009
The New York Times Co. has postponed tomorrow’s deadline for prospective buyers of The Boston Globe to submit preliminary bids for the newspaper, people briefed on the sales process said. No new date has been set for the bids.
Representatives of Goldman Sachs & Co., the investment banking firm hired by the Times Co. to manage the newspaper sale, have told interested parties they will be given more time to prepare an initial offer for the Globe and its sister paper, the Worcester Telegram & Gazette, the people said....
Translation: There ARE NO OFFERS!!!
NO ONE wants to buy this LOSER (save for me on erratic basis).
Now watch the Globe BEG (how unbecoming)!
Spokespeople for the Globe, the Times Co., and Goldman Sachs declined to comment on the postponement yesterday....
Thus far, no media companies or financial firms - reliable bidders in past newspaper sales - have been identified as potential buyers of the Globe and the Telegram & Gazette, though some believe the names of additional bidders from Massachusetts and beyond have yet to emerge.
That is because THERE ARE NONE -- and look at the writer PLEADING for a WHITE KNIGHT on a horse to RIDE to the RESCUE!
Among the factors thought to be depressing interest from prospective buyers are the economic downturn, the financial pressures on newspapers - the Times Co. reported the Globe lost $20 million last year and was on pace to lose $85 million this year without union cost concessions - and the difficulty borrowing money for newspaper acquisitions.
That's a 'typo!'
They LOST $50 million last year -- and the 2 isn't anywhere near the 5 like the j is near the n, jewspaper (oops, I did it again)!
Hey, what is ONE MORE LIE, anyway?
And you wanna COMPLAIN about the BANKS?
Then STOP SERVING THEM, dips***s!
Some prospective bidders are also thought to have been deterred by the pension liability, which could compel a buyer to divert income from the Globe’s operations to fund its pensions.
Oh, right: Globe Stole Worker Pensions
To make the Globe more saleable, the Times Co. has agreed to keep more than $200 million in pension liabilities on its own books.
And STILL NO ONE wants to BUY THIS LYING LOSER!
While the Times Co. is seeking to package the Globe and Telegram & Gazette in the initial bidding, it is uncertain whether they ultimately will be sold together.
The Times Co., which is trying to raise capital to pay off its corporate debt, has also put up for sale its 17.7 percent stake in New England Sports Ventures, owner of the Boston Red Sox.
Oh, I'm REALLY FEELING SORRY for them!
And THAT right there EXPLAINS the SHAMELESS SPORTS PROMOTION of the SELF-SERVING PAPER!
While that sale is also being managed by Goldman Sachs, and some of the firm’s same investment bankers are involved in both deals, the two have been placed on separate tracks and no bidding deadline has been set for the New England Sports Ventures deal, the sources said.
Yeah, so overlook the conflicts of interests in so many cases and enjoy the game, readers -- then go pick up a Globe and read how they got it wrong. Sometimes a little, sometimes a lot, but even in the sports pages they lie.
Of course, I don't read the sports section anymore -- but MY FRIEND DOES and HE'S FOUND STUFF!!!! I then ask him to imagine how I feel because the sections I read are loaded with them.
Related: The Boston Globe Just Doesn't Get It
P.S. The Globe was really bad today, even by their abysmally low standards.
