The Boston Globe’s redoubtable Steve Bailey today reports on both of the city’s struggling dailies.
On page one, Bailey reveals that the New York Times Co. has rejected the notion of selling the Globe to a group headed by retired GE chairman Jack Welch. Bailey writes that a source who’d seen the Times Co.’s letter, signed by president Janet Robinson, described it as “unequivocal” in expressing the company’s desire to keep the Globe. So explain this Bailey tidbit:
Welch could not be reached for comment. But executives close to the Welch group, which includes longtime Boston advertising executive Jack Connors and Boston concessionaire Joe O’Donnell, said the three had no plans to abandon their effort.
Did the Times Co. leave the door open a crack? Do Welch and company think the Sulzbergers are going to change their minds? Or are these simply three guys who are used to getting their own way?
Media Nation’s prediction: The Times Co. will sell the Globe in one to three years, when, presumably, the advertising market will have recovered enough so that the paper will bring a better price. And Welch won’t be the buyer.
Bailey also has news about the Boston Herald in his “Downtown” column. It seems that Herald publisher Pat Purcell is keeping the revenue from some new billboards on Herald property for himself, and some union folks are ticked off about it.
I can’t say I blame them. The Weekly Dig posted an item yesterday reporting something I had heard independently — that three more Herald veterans have been laid off. They are lifestyle columnist Beth Teitell and arts reporters Dana Bisbee and Terry Byrne.
The Dig, as is its wont, kicks Teitell when she’s down, which draws a much-deserved rebuke from Herald stalwart Tom Mashberg.