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(Boston Herald)   The failing Boston Globe is being downsized in hopes somebody will buy it, according to the Boston Herald   (bostonherald.com) divider line 9
    More: Obvious, Boston Globe, Boston Herald, layoffs  
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380 clicks; posted to Business » on 24 Jul 2012 at 12:43 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-07-24 12:53:26 PM
Maybe Warren Buffett will piss away more money into print media.
 
2012-07-24 01:03:56 PM
The failing Boston Globe is being downsized in hopes somebody will buy it, according to the failed Boston Herald

The Herald is on life-support as a right-wing political tool
 
2012-07-24 02:45:14 PM
The Boston Herald is as much of a rag as the NY Post. Stop using exclamation points on your front page, assholes.
 
2012-07-24 03:20:00 PM
Or, as we used to call it when I lived there, "The Glob"
 
2012-07-24 03:32:28 PM
Newspapers? You mean that thing my grandmother reads?
 
2012-07-24 07:39:51 PM
Pf. Working for a newspaper, it's so weird how much glee other newspapers take in your decline, ignoring the beam in their own eye. There's a freebie weekly around here which reports every reduced circumstance the institutional daily undergoes, with a weird hand-rubbing cackling glee that makes it look like they can't wait to dance on our graves, as they themselves teeter on the brink of bankruptcy due to the same industrial setbacks plaguing the entire sector. I've never seen any medium so happy to report on the collapse of its entire support structure if it means they get to write about the decline of their competition.
 
2012-07-24 09:02:52 PM
"Today the New England Media Group made difficult decisions as part of a program to rebalance the business so we could continue to invest in our digital future while providing the highest quality journalism that our readers and advertisers expect from us," the Times said in a statement.

If I understand that sentence correctly (and nothing that comes from the 15th floor of the Times Tower--as opposed to the 3rd through 9th floors, where the actual journalism gets done--is easy to parse), "our digital future" will include less actual news reporting, and "the highest quality journalism that our readers and advertisers expect" is lower quality than they used to provide.
 
2012-07-24 10:23:54 PM

Phil Moskowitz: Maybe Warren Buffett will piss away more money into print media.


What does Buffet own, aside from the stake in the WaPo he's held for years?
 
2012-07-25 12:20:17 AM

Dwight_Yeast: Phil Moskowitz: Maybe Warren Buffett will piss away more money into print media.

What does Buffet own, aside from the stake in the WaPo he's held for years?


Berkshire Hathaway owns The Buffalo News, The Omaha World-Herald, small stakes in the Washington Post and the Lee Enterprises chain, and recently paid $142 billion for 25 dailies of the Media General chain, including the Richmond Times-Dispatch.

People who criticize Buffett for investing nostalgically would do well to remember a similar bet he made on railroads in 2010. So far his purchase of Burlington Northern Santa Fe has turned out quite nicely.
 
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