Tag: Boston Globe

Some pressing questions for John Henry

Boston Globe InstagramThis commentary was published earlier at The Huffington Post and at WGBH News .

The speculation had been building since Wednesday, when The Boston Globe reported that Red Sox principal owner John Henry had restructured his bid to buy the paper.

It reached a peak on Friday afternoon, when legendary baseball reporter Peter Gammons — himself a Globe alumnus — posted a one-line item on his new website, Gammons Daily: “A source says the New York Times Corporation has chosen John Henry as the new owner of the Boston Globe.”

Confirmation came early today, as the Globe and The New York Times each reported that Henry had purchased the Globe and its associated properties — most prominently Boston.com and the Telegram & Gazette of Worcester — for $70 million. The Globe’s story led page one, whereas the Times’ version apparently didn’t even make it into today’s print edition.

The sale price represents a huge comedown from 1993, when the Times Co. purchased the Globe for $1.1 billion, half the company’s stock-market valuation at that time. As if by way of justification, the Times’ report on the Henry deal runs through several other pennies-on-the-dollar sales of major metropolitan newspapers in recent years, including those of Philadelphia’s daily papers, the Inquirer and the Daily News, as well as The Tampa Tribune.

Henry’s winning bid also thwarts an attempted comeback by members of the Taylor family, who owned the Globe almost from its founding in 1872 until the 1993 sale.

Among the would-be buyers was a group that included Stephen Taylor, a former executive vice president of the Globe, and Benjamin Taylor, a former publisher. A lot of people in Boston were rooting for the Taylors. But the money they got for selling the paper 20 years ago was split among dozens of family members, and their bid to repurchase the Globe was widely viewed as undercapitalized. You have to assume that if they had the money, the Times Co. would have sold it to them already — or in 2009, when the Globe was first put up for sale.

The ascension of a wealthy local owner may represent the best possible outcome for the Globe. Nevertheless there are questions Henry will have to answer soon — starting with the fate of publisher Christopher Mayer and editor Brian McGrory, well-liked Globe veterans who generally get high marks for the way they’re running the paper. Will they stay? Or will Henry bring in his own people?

Here are a few other questions for Henry.

1. Will he seek to improve the Globe’s bottom line by investing — or by cutting? Unlike newspaper owners who’ve financed their acquisition by taking on debt that they then have to pay off by slashing the newsroom, Henry has the luxury of being able to do anything he wants.

Although paid print circulation and advertising revenue have been dropping, the Globe is believed to be marginally profitable — a considerable improvement over 2009, when the Times Co. actually threatened to close the paper over mounting losses. The Globe today also has about 360 full-time editorial employees. That’s quite a drop from the 550 or so the Globe employed a dozen years ago, as my WGBH colleague Adam Reilly recently reported in Boston magazine, but it’s still enough to make the paper by far the largest news organization in Eastern Massachusetts. The Globe may no longer be the 800-pound gorilla, but a 600-pound gorilla can still accomplish a lot.

My guess (and hope) is that Henry will pursue a growth strategy, and that he has a healthy enough ego to believe he can succeed where others have failed. Perhaps he’ll emulate Aaron Kushner, the young greeting-card executive (and onetime Globe bidder) who’s attracted attention with his attempts to turn around the Orange County Register by hiring journalists and expanding coverage.

One aspect of Kushner’s stewardship I hope Henry doesn’t emulate is Kushner’s emphasis on print. The Globe has taken an innovative approach to the Internet with its two-website strategy (Boston.com, which is free, exists alongside the paid BostonGlobe.com site), a streaming music station, RadioBDC, and online coverage of Boston’s suburbs, neighborhoods and colleges through its Your Town and Your Campus sites. (Disclosure: Our students at Northeastern University contribute to Your Town and Your Campus as well as to other parts of the Globe.)

Henry could be a hero to the newspaper business if he can figure out new digital strategies. A print-first orientation would be a major step backwards.

2. What happens to the Globe’s Boston headquarters? The Globe occupies prime Dorchester real estate near the University of Massachusetts and the JFK Library, leading to considerable speculation that the next owner might want to sell the property and move the paper. Indeed, the Globe’s land and physical assets might be worth the $70 million purchase price all by themselves.

The challenge is that the Globe’s massive printing presses would have to be moved. And the paper has been able to build a nice business for itself by printing a number of other papers, including the city’s second daily, the Boston Herald, as well as some suburban papers.

Still, it would make all kinds of sense to move the presses to a low-cost exurban location and transfer the newsroom and business operations to a smaller space closer to the downtown.

3. How will the Globe cover the Red Sox? The jokes have already started (yes, I’ve done my best to help) about Globe sports columnist Dan Shaughnessy, a notoriously negative presence who wrote former Red Sox manager Terry Francona’s trash-and-burn memoir Francona: The Red Sox Years, which is highly critical of the Red Sox’ ownership.

In fact, the Globe and the Red Sox have been down this road before. Until a few years ago, the Times Co. was a part-owner of New England Sports Network (NESN), which broadcasts Red Sox and Bruins games and whose majority owner is the Red Sox. Henry’s sole ownership of the Globe, though, would represent full immersion in a way that the NESN deal did not.

The real issue is not how the Globe covers the Red Sox as a baseball team but rather how it manages the tricky task of reporting on a major business and civic organization that’s run by the paper’s new owner.

Earlier this year the Globe published a tough report on a sweetheart licensing deal the Red Sox have with the city to use the streets around Fenway Park before games — making “tens of millions of dollars” while “paying a tiny fraction in licensing fees.” (Further disclosure: Some of the Globe’s reporting was done in partnership with Northeastern’s Initiative for Investigative Reporting.)

I’d expect to see tough scrutiny of how the Globe covers the Red Sox in the months and years ahead. No doubt the Herald and other rival news organizations will pay close attention to the relationship. The problem isn’t so much that the Globe is likely to go into the tank for the Red Sox (it isn’t), but that it’s really in a no-win situation.

The answers to those and other questions will emerge in the weeks and months ahead. What matters today is that our largest and most important news organization has been purchased by a local businessman with deep pockets and a track record as a good corporate citizen. That’s good news not just for the Globe, but for all of us.

Photo (cc) by Dan Kennedy.

Why John Henry’s bid for the Globe makes sense

John Henry
John Henry

Maybe it’s because this has dragged on for such a long time, but Beth Healy’s report that Red Sox principal owner John Henry has decided to make a solo bid to buy the paper and its associated properties carries with it the ring of inevitability.

He’s got the money, which has always been the big question about local favorites Steve and Ben Taylor. If they had the cash, the New York Times Co. would have sold it to them in 2009.

Henry doesn’t have any obvious flaws, like San Diego businessman “Papa Doug” Manchester. He’s even restructured his bid — possibly at the request of the Times Co.?

I wouldn’t be surprised to see Henry introduced as the next owner of the Globe sooner rather than later — possibly to be followed by an announcement that Dan Shaughnessy has accepted a job at ESPN.

Photo via Wikipedia.

Boston Herald Radio to debut next Monday

bostonheraldradio-logoThe Boston Herald will unveil an online radio station next Monday, Aug. 5.

Boston Herald Radio will stream on weekdays from 6 a.m. to 6 p.m., with news-oriented programs helmed by longtime talk-show hosts Jeff Katz and Michael Graham and by Herald journalists Hillary Chabot and Jaclyn Cashman. The broadcast day will conclude with a sports show from 3 to 6 p.m. hosted by Jon Meterparel and Jen Royle.

The full details were reported earlier today by Talkers magazine. Ken Fang of Awful Announcing wrote about the Herald’s plans on July 5. Neither article makes any mention of whether the station will run any programming beyond those 60 weekday hours.

The Herald’s streaming radio station will compete for local online listeners with The Boston Globe’s RadioBDC, which arose from the remnants of the old WFNX in 2012. A big difference is that RadioBDC is primarily music, whereas the Herald  is going with news, sports and talk.

More: Following the demise of WTKK earlier this year, Graham put together a noon-to-3 p.m. show heard on a group of small stations in Eastern Massachusetts and New Hampshire. Graham’s show will not be exclusive to Boston Herald Radio — rather, it will be simulcast.

The appeal of Kushner’s print-centric approach

Aaron Kushner
Aaron Kushner

The media’s fascination with Aaron Kushner’s print-centric approach to reviving the newspaper business continues.

Kushner, a former Boston greeting-card executive who bought the Orange County Register a year ago, is the subject this week of flattering pieces by Rory Carroll in The Guardian and Rem Rieder in USA Today. Rieder’s piece, significantly, focuses on Kushner’s plans to launch a paper in Long Beach, Calif., that would compete with one run by John Paton, whose “Digital First” orientation puts him at the opposite end of the spectrum from Kushner in any discussion about the future of news.

Kushner, who once wanted to buy The Boston Globe, has a big idea: that newspapers have a lot of life left in them, and that the way to save them is to bolster shrunken news staffs and ask readers to pay. Print and online readers of the Register are charged the same price — $1 a day.

There’s a lot to like about the Kushner approach. It’s hard to argue with more journalism and an end to a generation’s worth of endless newsroom cuts. Even more enticing is that he holds out the hope that the last 15 years have all been a mirage — that we never should have responded to the disruptive changes brought by the Internet, and that, even at this late date, we can somehow click our heels three times and it will all go away.

It’s too early to rule out the possibility that Kushner might succeed. But classified ads, which comprised about 40 percent of a typical daily newspaper’s revenues as recently as a dozen years ago, are gone and are not coming back. The Kushner approach is an open invitation for an enterprising television or radio station to bolster its website and offer a free, comprehensive source of local news. It’s also a little disconcerting to see a large, important paper like the Register cut itself off from the sharing culture of the Internet.

Still, it’s hard not to wish Kushner well. Even if you’re not a print nostalgist (I’m certainly not), his experience may offer some lessons from which we could all learn.

Globe’s Leung to write a business column

Shirley Leung
Shirley Leung

Boston Globe business editor Shirley Leung is stepping aside in order to become a twice-a-week business columnist, according to the Globe’s Beth Healy. Editor Brian McGrory’s email to the staff follows.

I am delighted to announce that Shirley Leung has decided to become a business columnist for the Globe, giving our readers a fresh, creative, intelligent voice on matters of industry and the economy twice each week.

This is a huge development. You know as I know that Shirley literally exudes ideas, her hands always fluttering as if she’s trying to give them air. She recently became frustrated that people weren’t giving out their email addresses quite so readily, so we quickly had a front page story, the most widely read of the day. She heard about an auction of parking spaces in the Back Bay, and sure enough, the page one story that resulted — $560K for a pair of weed-strewn tandem spaces — was the talk of the town.

Now she’ll take her ideas, or at least many of them, and put them under her own name, presented in what I know will be a personable and blunt column-writing style, brimming with her unique experience and exhaustive reporting.

I’ve made no secret of my belief that good columnists are utterly critical to our mission, and have expressed my desire to add even more strong voices to our daily report to complement the ones we already have. The Business pages have been a priority, and as I looked near and far, I came to realize that the absolute best candidate might have been sitting in the editor’s chair — or more accurately, at home with a newborn during a maternity leave.

Shirley’s background is tailor-made for such a pivotal role. She was on a brief tryout at the Globe in 1995 when she was handed a tip scrawled on a piece of paper about a former state representative who became homeless after losing a fortune in the real estate crash. Others might have dismissed it. Shirley camped out in the guy’s hometown, got him, and wrote a Sunday front page story. She was, of course, hired. Old friend Caleb Solomon, then running the Boston bureau of the Wall Street Journal, lured Shirley away in 1997 to cover the wrangling over the Seaport District and the proposal to build a convention center. Shirley continued on to the Journal’s Los Angeles and Chicago bureaus, working a variety of beats from the California economy to fast food. Caleb, Caleb, as the Globe’s business editor, lured her back to Boston in 2004 as the Sunday business editor.

By 2007, Shirley was the business editor, soon overseeing coverage of the Great Recession, the housing bust, scary fluctuations in the stock markets, the rise of the Seaport, the $700 billion bank bailout, chronic unemployment, and the stagnant economy. She has been nothing shy of masterful at working with veteran reporters, spotting great talent, and developing sophisticated ideas in the throes of the ongoing economic storm. Then add in the stellar projects on Upper Crust, mislabeled fish, illegal workers, and child pornography, some of them garnering major national awards. That being not quite enough, Shirley built “Top Places to Work” into a profitable franchise and launched the boston.com innovation blog “The Hive,” which we are expanding.

On the personal side, Shirley is 41, married to Paul Lim, an editor at Money magazine, and they have two sons, Eli, who is 2-and-a-half, and Evan, who is six months.

Shirley will begin her column next week, her days being Wednesday and Friday. I couldn’t be more excited about what’s to come. Make sure you give her your congratulations. At the same time, be warned. Like any good columnist, Shirley will undoubtedly take the opportunity to shake you down for ideas.

Chris Chinlund and I will get to work selecting the next business editor. I have every expectation the position will stay in-house, and don’t expect the process will be a long one.

Globe, Times need to correct online corrections

Screen Shot 2013-07-11 at 9.47.00 AMThe Boston Globe published two corrections today. No big deal. It’s one of the ways that responsible news organizations hold themselves accountable.

But unless you read the print edition, you didn’t see the corrections — not even in the “Today’s Paper” view, which is supposed to include every item published in that day’s Globe. (Of course, corrections do appear in the ePaper, which is how I grabbed the image accompanying this post. But that’s just a PDF of the print edition.)

As someone who reads the Globe and The New York Times every day, I find myself scratching my head at how poorly the two papers handle corrections online. The Globe is worse, but the Times needs to improve, too.

The Times, at least, runs all corrections on its website and in the “Today’s Paper” section of its iPad-only HTML5 app. But they are missing from the iOS apps for the iPhone and the iPad, which are used by many of their customers. They’re also missing from Times Skimmer, an alternative desktop view based on the same feeds as the iOS apps. (I’m guessing the situation is the same with the Times’ Android apps.)

Unlike the Times, the Globe doesn’t run a separate section of online corrections anywhere — not on its website and not on its recently released iPhone app. When I posted a question on Twitter yesterday, Globe tech guy Damon Kiesow directed me to this. But it hasn’t been updated since April 4. In a follow-up, Kiesow indicated it would be fixed at some point.

I should note that both the Times and the Globe append corrections to online stories as necessary. That’s essential for archival purposes. But it doesn’t help if you read a story just once, on the day it’s published.

In any event, it’s long past time for both papers — and all papers — to take corrections as seriously in the digital space as they do in print.

More: Not long after this item was posted, New York Times public editor Margaret Sullivan tweeted:

Also, in the comments I’ve posted an email from Globe spokeswoman Ellen Clegg, who says my post “mischaracterizes” the Globe’s correction policy. I don’t think that’s the case, but I’m happy to offer a different perspective.

Globe seeks to force Patrick to turn over records

This is why large, well-funded news organizations still matter.

The Boston Globe reports that it has won a favorable court ruling in its three-year quest to obtain the names of people who have received large financial settlements from the state.

The administration of Gov. Deval Patrick, no friend of the state’s public-records law, had fought the request from the beginning — its defiance of a ruling by Secretary of State Bill Galvin’s office led the Globe to sue — and the governor may yet file an appeal.

At issue: “the names of 89 individuals who received settlements of $10,000 or more between January 2005 and March 2010.”

That’s our money. Good for the Globe for pushing to find out who got it and why.

David Shribman reviews “The Wired City”

I am honored and thrilled that The Boston Globe asked its Pulitzer Prize-winning former Washington bureau chief, David Shribman, to review “The Wired City.” I’m even more thrilled that Shribman — now executive editor of the Pittsburgh Post-Gazette — liked the book. You can read the review here.

 

Purcell: Globe to print Herald for next 10 years

Boston Herald publisher Pat Purcell sent the following announcement to his staff earlier this afternoon. A copy made its way to Media Nation.

TO: Boston Herald Employees
FROM: Pat Purcell
RE: Boston Herald/Boston Globe Printing Agreement
DATE: June 19, 2013

The Boston Herald and The Boston Globe will announce later today that we have reached an agreement that will allow the Globe to print the entire press run of the Herald. The agreement, which is in effect for 10 years, finishes a process begun in 2012, when we announced that the Globe would print and deliver about one-third of the Herald’s print circulation. The Globe will also handle our Sunday insert packaging.

The newspaper industry — as well as other traditional media companies — has undergone a radical transformation in recent years. In the face of that change, it has never been more important for us to implement ways in which we can be more efficient. While we will continue to compete for readers and advertisers, we also recognize that we can serve those audiences better and longer by cooperating in areas that are cost effective.

This arrangement will benefit our readers by offering editions with up-to-date sports scores and the latest in breaking news. The Herald will be as great a read as ever!