Because that's the value of Boston's paper of record, according to the Boston Business Journal, which cites Barclays Capital analyst Craig Huber. (I'm rounding up just a skosh here.
All the more reason to think that $20 million figure the WSJ cited last December is worthless. But hold the Champagne, since the Globe originally sold for roughly six times its current worth (assuming Huber's right, obviously).
A confession: I didn't know Colonel Tribune existed until Romenesko pointed me to this Mark Potts blog post.
Now, though, I'm weirdly fascinated by this quasi-historical, absurdist personification of the Chicago Tribune. And I'm wondering: if the Globe and Herald decided to follow suit, what characters would work best?
If Steve Brill has his way, the New York Times will aggressively push back against the free-content model that's come to predominate on the internet--and the Boston Globe just might follow suit. As Brill puts it in a memo obtained and posted by Jim Romenesko:
The same model might be initiated for
Boston Globe and other Times Company newspapers; indeed, there is a
possibility that the more local papers, with less content competition,
will be able to make the transition just as effectively.
According to an internal email obtained by DQM, Globe management will be discussing the current round of newsroom cutbacks with employees this week:
There will be a series of meetings to discuss the buyout and staff reductions. Marty Baron, Mary Jane Wilkinson and Caleb Solomon will be there to answer questions. The following is the schedule for the meetings, which will be held in the Winship Room:
Credit the Boston Herald for breaking the story of gay-marriage pioneers Julie and Hillary Goodridge filing for divorce. But note, too, that the story isn't quite the scoop it pretends to be.
Two and a half years ago, Globe reporter Michael Levenson took note of the Goodridges' separation. (A couple days later, so did Herald columnist Margery Eagan
As I've previously noted, Globe metro columnist Kevin Cullen is a pleasure to read when he's doing his job well. But Cullen is the journalistic equivalent of the girl with the little curl: excellent at his best, and at his worst...not so excellent.
By way of example, consider today's Cullen offering, which deals with an alleged miscarriage of justice involving the late Vinnie Tamburello.
Now starring on Boston.com: some dude taking what looks like a really painful fall on the ice.
Questions to consider:
1) If you were the guy in question, how would you feel about the Globe documenting your accident? (Note: it's not clear whether the subject knew he was photographed or not.)
2) Consider the explanation that accompanies the fifth, ugliest photo: "Moments before this series of photos was taken Globe photographer David
Ryan himself slipped and fell on the ice, damaging one of his cameras.
In this week's paper, I proposes ten ways to help the Globe stop its downward slide--and debunk some revisionist history involving Bill Kristol's disastrous stint with the Times.
If the NYT Co. has anything to say about it, it'll soon be a thing of the past. The company announced today that it's hired Goldman, Sachs to "explore the possible sale" of its 17.75 stake in New England Sports Ventures, which owns the Red Sox, Fenway, and a bunch of other stuff.
Also, no more monthly revenue reports from the NYT Co.
If you're marvelling at the measured tone of Muammar Qaddafi's op-ed in today's Times, make sure you read Kevin Cullen's column in today's Globe as well.
Citing Chelmsford resident Mohammed Eljahmi, whose brother Fathi was imprisoned by Qaddafi's regime, Cullen argues that Qaddafi's current media offensive--which also featured an op-ed on Russia that ran in the Globe and the Washington Times--amounts to a transparent push for undeserved image rehabilitation.
Quick: guess which Boston paper is marking Barack Obama's win with a 32-page glossy publication, titled "Boston Celebrates Barack Obama: Reflections on a man, his life and our times," on sale tomorrow for just $2.99?
No, it's not the Boston Globe. It is, instead, the Boston Herald--which, in endorsing McCain last October, suggested that it would be a bad idea to put a "naif in the Oval Office."
When Slate chronicled the affinities between Barack Obama and Pepsi last August, those connections may have been (in author James Ledbetter's words) "largely accidental."
Not anymore. In case you missed it, Pepsi's doing its damndest to co-opt Obamania with its "Refresh Everything" campaign, which involves the uploading of video messages for the president (to a dedicated YouTube channel, natch) and participate in additional "fun experiences" still to be announced.
In his reply to today's announcement of up to 50 impending newsroom cuts at the Boston Globe, Boston Newspaper Guild president Dan Totten argues that any cuts should focus exclusively on Globe management.
Also noteworthy: according to Totten's email, the new buyout program will be open to all editorial staff, however long they've worked at the paper.
In today's memo announcing the elimination of up to 50 newsroom jobs, Globe editor Marty Baron makes it clear--as publisher Steve Ainsley did earlier this month--that the Globe of the future is still undefined:
Once again, we will have to assess everything we do. And so we will
move promptly to evaluate a wide range of options.
Yesterday evening, I knocked Globe reporter Meredith Goldstein for failing to document the (I suggested) somewhat salacious backstory of the marriage of Cass Sunstein and Samantha Power--who wed after meeting on the Obama campaign--in her piece on Obama's matchmaking powers.
I should have kept my mouth shut.