When you buy something for $1.1 Billion, and then sell it for $70-Million...
That's the story at the end of The New York Times ownership of The Boston Globe.
The Times sold the paper on Friday to the owner of the Boston Red Sox.
I'm sure buying The Globe certainly seemed like a good idea at the time..in 1993...but it suffered the same fate as all big city newspapers during the digital revolution that was just beyond the horizon . So the Times has cut its losses and "returned the paper to local ownership".
I suppose the nine Pulitzer Prizes it won during NY Times ownership remain in Boston?
Some broadcast media is continuing to struggle as well....Alabama Public Radio is dropping some programs to save money...including This American Life (which I always felt was way smarmy for Southern markets). The savings are significant...The Tuscaloosa News reports they were paying $43k a year for the programming from PRI. Added NPR programs will fill the void.
Now I just wish they could do something about the terrible signal from the 88.3FM repeater out of Selma on which I try to listen to the overnight BBC programs at O'Dark O'clock.
The University of Alabama's media holdings don't seem to be suffering...they are moving out of the basement in Phifer Hall and into a broadcast center that is under construction at the Bryant Denny Stadium complex. The $14.6 Million facility will be in the North end zone part of the stadium.
I suppose they've considered how tough it will be to create anything like a soundproof studio environment during Crimson Tide home games?
[The Monday (and sometimes Saturday) Morning Media Memo is a regular feature of TimLennox.com.]
That's the story at the end of The New York Times ownership of The Boston Globe.
The Times sold the paper on Friday to the owner of the Boston Red Sox.
I'm sure buying The Globe certainly seemed like a good idea at the time..in 1993...but it suffered the same fate as all big city newspapers during the digital revolution that was just beyond the horizon . So the Times has cut its losses and "returned the paper to local ownership".
I suppose the nine Pulitzer Prizes it won during NY Times ownership remain in Boston?
Some broadcast media is continuing to struggle as well....Alabama Public Radio is dropping some programs to save money...including This American Life (which I always felt was way smarmy for Southern markets). The savings are significant...The Tuscaloosa News reports they were paying $43k a year for the programming from PRI. Added NPR programs will fill the void.
Now I just wish they could do something about the terrible signal from the 88.3FM repeater out of Selma on which I try to listen to the overnight BBC programs at O'Dark O'clock.
The University of Alabama's media holdings don't seem to be suffering...they are moving out of the basement in Phifer Hall and into a broadcast center that is under construction at the Bryant Denny Stadium complex. The $14.6 Million facility will be in the North end zone part of the stadium.
I suppose they've considered how tough it will be to create anything like a soundproof studio environment during Crimson Tide home games?
[The Monday (and sometimes Saturday) Morning Media Memo is a regular feature of TimLennox.com.]
No comments:
Post a Comment