I have class in six minutes, so I’ll keep this brief. But it looks like things might be coming to a head at both of Boston’s troubled dailies.
Mark Jurkowitz of the Boston Phoenix reports on a “palpable buzz” that Pat Purcell’s efforts to sell the Boston Herald and his Community Newspaper subsidiary may lead to a major announcement at any moment. Yes, I know this is cryptic, and it’s unclear whether Purcell will actually bug out or simply line up new investors. But it does appear that the uncertainty that hovers over One Herald Square may finally lift.
Meanwhile, the news at the Boston Globe just keeps getting worse. The Boston Business Journal yesterday reported that a 12 percent plunge in advertising revenues at the Globe and the Worcester Telegram & Gazette is doing serious damage to the New York Times Co.’s bottom line.
The Globe appears to be silent on these developments.