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Tuesday, April 07, 2009

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> Shattering the Globe

A simple, intriguing title for a reflective post that has my mind spinning.

Wow.

Paul this post is great. It's hard to think about the Globe closing because it was my paper. It's the paper I would clip stories and pictures from and when I lived far away from Boston in 2004 it was the newspaper my parents mailed to me after the World Series.

Related, the NY Times CO still owns a share of the Sox correct? When does that get put up for sale?

The parent companies of both my childhood newspapers -- the Courant and the New Haven Register -- are in bankruptcy. After every big Red Sox win from 1995-98, I would walk two blocks to the corner gas station and buy copies of the Globe and Herald.

I would guess that by this time next year, all four of those papers will no longer exist in a printed format. If they exist at all.

I know it used to be chic for sports bloggers and right-wing mediots to openly root for the demise of the old media, classifying them as biased or out of touch or what have you. I don't think many are doing that anymore. No one wants the only source of news to be 24 hours of talking heads and a half hour each night of crime stories.

It's nice to see bloggers attempting to help the Globe, considering the two mediums have been at odds with one another for quite some time now. Unfortunately, I just don't see it making much of a difference.

Great post Paul, however depressing it may be.

This move by the Times seems less a real threat at closing the Globe but more seizing an opportunity to screw over labor and the unions. They are trying to save $20M, and if that's the sum then there are more choices for the Times Company that don't involve forcing the workers to take a hit. To me this is a transparent effort to hurt labor.

You may well be right, SF, but I don't think it precludes necessarily the reality of the Globe's likely closure. More likely, the NYT Co. is hoping to set a precedent it can then use against the NYT's own union while closing the Globe anyway. According to that article, the Globe is on pace to lose $80+ million this year. $20 million in union concessions won't do much to help the bottom line -- assuming there is any way to even gain that much in cuts out of a newsroom that's already been slashed in half over the last five years.

I'd love to know where you think those more choices would come from. As Paul pointed out above, they are deep in debt from some stupid decisions, although I'd disagree with Paul's assessment and say that it was buying BACK the stock - and watching it tumble in price as the print model collapsed - that is the company's biggest problem.

I also disagree with the assessment that we're all going to mourn what transpired here UNLESS - and this is the problem we REALLY need to address - the end of print means the end of journalism. Companies dying is sad, but what would be much, much worse is companies dying without anyone finding and exploiting the new model for "printed" news, whatever that may be.

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