Monday, December 29, 2008

The New York Times Is Selling. But Who's Buying the Globe?

Most employees of companies that are facing uncertainty during these trying economic times listen to every bit of gossip and hearsay that float around the office when rumors of a new owner circulate. It must be nice for the reporters at the Globe to call up the people who are reportedly considering becoming their new bosses to verify the rumors.

Both Boston Herald publisher Patrick Purcell and former Boston advertising executive Jack Connors separately flatly ruled out being involved in deals to buy the Boston Globe, which is owned by the New York Times Co. . . .

"There's nothing to it,'' Connors told the Globe. "I'm not buying the Boston Globe. I'm not buying anything that the New York Times owns.''
Hmm. Maybe Connors is waiting for the NYT to sell the possibly worthless broadsheet to another media conglomerate, and will then swoop in (perhaps wearing a cape) to purchase the Globe. Sure, it sounds crazy, but so does the possibility of News Corp. buying the Globe, merging it with Ottaway, and shuttering the Herald.

[I]n a statement today Purcell said he had no discussions as Ottaway chairman "with any potential bidders" for the Globe and called the Financial Times story "completely unfounded and not rooted in reality." The sole owner of the Herald, Purcell said he was committed to keeping Boston a two-newspaper city.


I'd like to announce that I am interested in buying the Boston Globe. I can offer $900, a 19-inch HD television, and my caustic wit. Provided I can live in the Morrissey Boulevard offices, of course.

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