Joho the Blog » How much is the Boston Globe worth?

How much is the Boston Globe worth?

Ken Doctor says (via Joe Trippi) it’s worth $1:

A buck essentially represents a gentleman’s agreement: I take a liability, headache and a distraction off your hands, says the buyer. I give you the great potential of the Globe brand, a top-25 news web site and improved ability to re-jigger the pieces, thanks to our new contracts and cost-cutting, says the Times.

I think maybe it’s worth $0. But, of course, my financial sense is not very good. So, here’s what I actually mean.

If I were the NY Times, I’d be considering letting the Globe fail entirely, if there’s a way to do that that would wipe the Globe’s debt off the books. Then I’d re-hire some of the columnists and editors, and some of the local reporters (news, sports, business, arts, features, etc.). And I’d announce the new daily Boston insert into the NY Times.

Of course, if the Times can get a buyer willing to pony up substantial cash, and assuming any deal would prevent the Times from hiring current Globe staff, my idea may be quite stupid. Wouldn’t be the first time. [Tags: ]

3 Responses to “How much is the Boston Globe worth?”

  1. The Globe as a NYT insert ?

    Either you’re not a native New Englander or you’re just being contrarian or you have no feel for The Globe and the region.

    yikes !

  2. Let’s see. I’m not a native New Englander, but I’ve lived here for 23 years, and have subscribed to the Globe for that entire time.

    I am not being contrarian.

    I think I have _some_ feel for the Globe and the region.

    But I’m also not saying in this post what I would _like_ to see happen. I’m saying what I would do if I were the NYT and looking at the bottom line.

  3. Dunno how a double fail would help the NYT bottom line. Short term $$$-focused vision tends to myopia and Mr. Magoo cliff falloffs.

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