Last week there was a bit of a buzz over a story in the Boston Business Journal reporting that the Boston Foundation might be interested in playing some role in rescuing the Boston Globe — and possibly even getting involved as part of a future ownership group.
Since then, the Journal has run a correction: “The Boston Foundation said the effort is to address many issues concerning the Globe, and is not intended specifically to organize a group of potential buyers for the paper.”
Discover more from Media Nation
Subscribe to get the latest posts to your email.
Mike from Norwell
Dan, this points again to the false premise of non-profit status as a savior to the future of newspapers. Unless you can find a foundation willing to drain their endowment in short order, it makes no sense from a financial standpoint to think that it would make a bit of difference. As you have pointed out previously, taxation of profits isn’t exactly the problem here; rather the total absence of profits.