Tag: Boston Globe

Boston Globe fun-with-numbers edition

Ken Doctor’s analysis of the “newsonomics” of The Boston Globe’s pending sale continues to yield rich insights. One part I find particularly interesting is his estimate that the Globe’s natural ceiling for digital subscriptions is probably in the vicinity of 105,000. It’s currently 28,000.

(As I’ve explained before, the auditors also give the Globe credit for seven-day print subscribers who access BostonGlobe.com at least once a week, which means the paper currently reports having 50,000 digital subscribers.)

The Globe charges about $15 a month for digital subscriptions, with or without home delivery of the Sunday print edition. Yes, there are a lot of discounts in there, but just as a quick math exercise, let’s pretend there aren’t. So:

105,000 x $15 x 12 months = $18.9 million per year

If you figure an average of $100,000 in pay and benefits per employee, that adds up to 189 people — about half of the paper’s 365 journalists.

I’m leaving out a lot of expenses (including, most significantly, non-newsroom employees), but I’m also leaving out other revenue sources — mainly seven-day print circulation, print and online advertising, and commercial printing of other newspapers, including the Boston Herald, currently issuing daily predictions of the Globe’s imminent demise.

It also seems to me that one underexploited opportunity is online advertising at BostonGlobe.com. Yes, it’s nice to give paying customers a clean, uncluttered reading experience. But surely there could be a few more ads without devolving into flashing banners, pop-up windows and stuff floating across the page. I like ads. “Ads are content,” as Howard Owens says. They contribute to a sense of community and vitality.

Globe spokeswoman Ellen Clegg recently told me that the Globe’s total number of unique monthly visitors is 7.5 million — 6 million at the free Boston.com site and 1.5 million at BostonGlobe.com. I would think you could sell a decent amount of advertising to an online audience of 1.5 million. Currently, though, when you read articles you can often find white space where an ad ought to be.

One caution is the Globe’s new policy of limiting social sharing on BostonGlobe.com and cutting the amount of Globe content on Boston.com. Editor Brian McGrory has said that the goal is to boost digital subscriptions. The danger is that the restrictions:

  • may fail to turn all but a tiny handful non-subscribers into paying customers;
  • may hurt Boston.com’s traffic by making the site less enticing; and
  • may (actually, will) reduce unpaid traffic to BostonGlobe.com, thus making it a less desirable platform for advertisers.

Fortunately, the restrictions can be tightened or eased depending on whether or not they are working as intended.

Poynter analyst hails Globe’s prospects

Rick Edmonds

Earlier this month, before the New York Times Co. announced it was putting The Boston Globe up for sale for the second time in four years, Poynter Institute business analyst Rick Edmonds sat down with Josh Benton of the Nieman Journalism Lab for the lab’s weekly podcast, “Press Publish.”

Toward the end of their nearly hour-long conversation, Benton asked Edmonds which newspapers he thought had the brightest prospects over the next few years. Edmonds responded that he could think of four major metros that were getting it right: the Globe, the Seattle Times, the Milwaukee Journal Sentinel and the Tampa Bay Times — formerly and still better known as the St. Petersburg Times.

(It should be noted that Poynter owns the Tampa Bay Times, although I think anyone would point to that paper as one model for how to do it right.)

What Edmonds meant: the four papers had done a better job than most of maintaining the quality and depth of their journalism while at the same time achieving some measure of success financially. Earlier in the podcast, Edmonds voiced his enthusiasm for flexible online paywalls such as the Globe’s (now becoming less flexible).

As another prominent newspaper analyst, Ken Doctor, observes, a lot of newspapers are likely to be sold in the months ahead. The business has recovered slightly since the depths of 2009 and prices are low. Of course, prices are low because the long-term prospects for newspapers remain grim. Still, there are no doubt a number of prospective owners who have enough money and ego to think that they will be the great exception.

Seen in that light, the Globe is a prime property that can be acquired for an attractive price. “The Globe isn’t going anywhere,” Globe columnist Kevin Cullen writes. “It’s changing owners.”

More pointless speculation on who will buy the Globe

There’s a name I left out in my earlier post on the possible sale of The Boston Globe: Rick Daniels, a former top Globe executive who, in December, left GateHouse Media New England, where he was president.

Not long after Daniels’ departure, I started picking up some buzz that he would emerge as part of a group interested in buying the Globe. And I see both the Globe and the Boston Herald mention him today.

No one has any idea what’s going to happen. But it strikes me that one possible scenario is an alliance joining Orange County Register owner Aaron Kushner; former Globe executive Stephen Taylor, part of the family that used to own the Globe; and Daniels. Kushner wanted the Globe at one time, still may, and has joined forces with Taylor in the past. Daniels worked for the Taylors. Why not?

Update: Your first must-read on the whole topic is Ken Doctor’s latest for the Nieman Journalism Lab, “The newsonomics of The Boston Globe’s sale.” Among other things, he guesses a sale price of $100 million to $150 million for the Globe and its related properties — 10 percent of what the New York Times Co. paid 20 years ago, not adjusted for inflation.

New York Times Co. puts the Globe up for sale — again

As some of you no doubt already know, the New York Times Co. announced earlier today that it is seeking to sell The Boston Globe and its affiliated media properties, principally Boston.com and the Telegram & Gazette of Worcester.

When the Times Co. bought the Globe 20 years ago it paid $1.1 billion, a whopping half the company’s stock-market valuation at the time. When it tried and failed to sell in 2009, the only potential buyers interested in the Globe were reportedly offering pennies on those 1993 dollars.

We’ve been down this road before, and it’s hard to know whether the Times Co. has already lined up a buyer or if this is another fishing expedition. One name to keep an eye on, though: Aaron Kushner, a local guy who was spurned in his efforts to buy the Globe a couple of years ago and wound up with the Orange County Register instead.

Kushner is winning good marks for investing in the Register and for taking a counterintuitive print-centric approach. I can’t imagine him owning both the Register and the Globe, but might he engineer some sort of trade?

And don’t rule out another bid by the Globe’s former owners, the Taylor family — either separately or in collaboration with Kushner.

No sense delving in too deeply today. There will be much, much more to come in the days and weeks ahead.

Brian McGrory wants to restrict free Globe content

Brian McGrory

Recently I reported for the Nieman Journalism Lab that The Boston Globe was tightening up on social sharing and on how much Globe content it offers on its free Boston.com site. Today Andrew Beaujon of Poynter.org interviews Globe editor Brian McGrory, who tells him that free Globe articles will increasingly become a thing of the past.

“We’re going to start removing our in-depth Globe journalism from Boston.com, which is not a small move,” McGrory says.

The new editor describes his goal as “untangling” the paid BostonGlobe.com and the free Boston.com sites, telling Beaujon that Boston.com will feature “more social media, more community bloggers, hopefully edgier content.” Breaking news will continue to run on Boston.com, but news stories will likely be no longer than 150 words.

When Globe publisher Christopher Mayer announced in the fall of 2010 that the paper would pursue paid digital subscriptions, McGrory, then a columnist, was one of its most enthusiastic proponents (scroll down past my Q&A with Mayer).

(And by the way, we’re now up to 150 words.)

The Globe has to pay the bills, of course. I just hope McGrory and company understand how many free alternatives are out there. Even if they’re not as good as the Globe, they may prove to be good enough for those determined not to pay. An overly restrictive paywall could also trigger new competition.

I’ll make one suggestion that might help McGrory accomplish his goals while at the same time ensuring that the Globe remains part of the online conversation. The Globe’s corporate big brother, The New York Times, allows people access to 10 stories a month before the paywall kicks in.

That seems reasonable, given that anyone who wants to read the Globe regularly is going to click at least 10 times a day. I hope the Globe considers it.

The Boston Globe’s paywall is raised a little higher

be02f758328311e2b55612313804a1b1_7This article appeared earlier at the Nieman Journalism Lab.

The flexible paywall that The Boston Globe introduced for its subscription website about a year and a half ago has slowly gotten a little less flexible. Fewer Globe stories are available on the paper’s free Boston.com site, and restrictions have been placed on social sharing.

The reason, according to Globe spokeswoman Ellen Clegg, is that the paper’s executives are still trying to figure out how to get paid online journalism right in a world awash in free news.

“The core of our two-brand strategy,” she told me by email, “involves trying to find the optimal balance between a free, ad-supported model and a premium, consumer-supported model.”

The restrictions were brought home to me recently when I learned that the paper had started limiting social media sharing to only two free links a month — a serious limit on someone like me, who regularly shares links on my blog, on Facebook and on Twitter. As a subscriber, I can share as many links as I like, of course. But non-subscribers can only click on two before getting a message that they cannot pass go.

So let’s run down the changes, shall we?

First, those social-media links. Clegg says that when BostonGlobe.com went live in the fall of 2011, social sharing was limited to five links per month. If so, it wasn’t well publicized. I’ve gone back and looked at some of the coverage, including a piece I wrote for the Nieman Journalism Lab and the Globe’s own FAQ, and can find no mention of a monthly cap.

In any case, Clegg says that in December 2012, that number was cut to two links a month from search and social media — “per device, and per browser.” In other words, eight a month if you want to juggle among Chrome, Safari, Firefox and Internet Explorer (but who wants to do that?), and more if you move back and forth among other screens. “Email sharing,” she adds, “is unlimited.”

Second, when BostonGlobe.com debuted, the editors selected five stories a day that would also run on the free Boston.com site. Most sports stories ran on Boston.com as well. Last April, the number of free news stories was cut from five to four, and some additional sports content was moved behind the paywall.

“This is part of an effort to continually experiment, test and analyze how our readers engage with us digitally,” Clegg says. “We have been trying to find the right balance between the free-sharing culture of the Internet and paid access to premium Globe content. We believe that we can only arrive at that balance through experimentation.”

How well is it working? The Globe’s digital subscription base has risen, but slowly. Currently, Clegg says, the Globe has about 50,000 paid digital subscribers — but that doesn’t mean 50,000 people paying directly for a digital subscription. It’s a figure that includes digital-only subscribers; Sunday-only print subscribers (I’m one of them), who automatically get seven-day digital access; and seven-day print subscribers who access BostonGlobe.com at least once a week.

That’s how digital subscriptions are counted by the Alliance for Audited Media (formerly the Audit Bureau of Circulations), and it’s a pretty expansive definition. As I’ve written before, about half of those counted as Globe digital subscribers get the paper delivered to their doorstep all seven days.

So is the decision by Globe executives to tighten the paywall smart or dumb? It’s hard to say. From the beginning, the idea behind the paid BostonGlobe.com site was to find a way to get regular readers to pay without turning away occasional readers and without hurting the free, advertiser-supported (and just-redesigned) Boston.com site. (Here is how Globe publisher Christopher Mayer explained it to me shortly after plans to build the paywall were announced in the fall of 2010.) Today, Clegg says, Boston.com attracts about 6 million unique visitors a month. Another 1.5 million uniques a month visit BostonGlobe.com, mainly as a result of the site’s free-access features.

I know that since I learned about the two-links-per-month limit, I’ve been looking for the equivalent content in Boston.com’s news blogs or elsewhere. I tend to shy away from BostonHerald.com unless I’m writing specifically about the Herald, since much of its content moves into the paper’s paid archives after two weeks. But there are plenty of other sources of free local news, even if it’s not always of the same quality as the Globe’s.

I’m inclined to cut the Globe some slack as Mayer, editor Brian McGrory and company grope their way into the future. But the new rules have already nudged me away from Globe content, and I’m a paying customer. That can’t be a good thing.

Three Globe stalwarts move on

Brian Mooney. I took this photo in late 2007 at a Rudy Giuliani campaign event in New Hampshire. He was covering it for the Globe and I for the The Guardian.
Brian Mooney at a Rudy Giuliani campaign event in New Hampshire in 2007.

One morning in February 2000, I was killing time at a conference center in South Carolina, where I had showed up at a campaign event for George W. Bush. Sitting on the carpeted floor, banging away at his laptop, was Glen Johnson, then with the Associated Press.

I was covering the media campaign. The press that year was in love with the insurgent Republican, John McCain, whose caravan I had connected with earlier in the week. Johnson and I talked.

“The Bush people really feel that McCain has gotten a free ride, or an easier ride than Bush has,” he told me. It was a telling quote, and it made its way into the story I was writing for The Boston Phoenix.

Johnson, who worked two stints each at the AP and The Boston Globe, got his start in Massachusetts at The Sun of Lowell and The Salem News. On Thursday, he announced that he was leaving the Globe, where he was politics editor of Boston.com, in order to take a senior position with incoming Secretary of State John Kerry.

“It is a humbling opportunity, especially in these turbulent times,” Johnson wrote, “but one that I embrace with relish.”

And thus departs another piece of the Globe’s institutional memory.

The big departure during the past year, of course, was that of Globe editor Marty Baron, now executive editor of The Washington Post. But other veterans have continued to trickle out as well, with Johnson being only the latest.

Two more who will be missed:

• Brian Mooney, a longtime political reporter who covered the national, state and local scenes with aplomb. Mooney is as accomplished a writer as he is a reporter.

I still remember a piece he wrote on former Boston mayor Ray Flynn’s frenzied Primary Day sprint in his failed 1998 congressional campaign, and I wish it were freely available online. Mooney was also an outspoken union advocate when, in 2009, the New York Times Co. threatened to shut down the Globe unless it could use Garcinia Cambogia extract for some $20 million in union givebacks. (The Times Co. eventually got its way.) I still consider this to be a legendary moment in Media Nation history.

Mooney stuck around for one last presidential campaign and retired shortly thereafter. Several weeks later we found ourselves sitting next to each other at a Harvard event honoring the late Globe columnist David Nyhan, and Mooney clearly seemed to be enjoying himself.

• Alex Beam, a veteran lifestyle columnist who was among the Globe’s very few writers who could make you laugh. Beam took a book leave last year and decided during a round of downsizing that he’d rather retire than go back.

In 2003 Beam wrote a column about three writers named Dan Kennedy. I’m DK1, and he describes the dilemma I faced launching a book alongside a get-rich-quick artist (DK3) and a humorist with a McSweeney’s connection (DK2).

“I planned to stay on the deck ’til the ship went down, but managers apparently wanted the budget cut more,” he recently told me via Facebook. “We were all ‘targeted’ for ‘voluntary’ buyouts, and many were happy to have them.”

• Finally, the paper’s terrific editorial cartoonist, Dan Wasserman, has sort of left, but not in a way that will affect readers. He has retired from the Globe, but continues to work out of 135 Morrissey Blvd. as a contract contributor.

“More freedom for me, less overhead for the paper,” Wasserman told me, also via Facebook. “I do a Sunday local cartoon and continue to draw syndicated cartoons that the Globe picks up several times a week.”

More: I’m a political junkie, not a movie buff. But I shouldn’t let pass the opportunity to note that Pulitzer Prize-winning film critic Wesley Morris departed for Grantland recently.

Photo (cc) by Dan Kennedy. Some rights reserved.

“68 Blocks” discussion to take place at the Globe

If you are an admirer of The Boston Globe’s “68 Blocks” series, as I am, you may want to check this out. On Wednesday from 6 to 8 p.m., Globe journalists and members of the Bowdoin-Geneva community will discuss the series in a public event to be held at the Globe.

You can register for the free event by clicking here.

Earlier:

Note: The time of the event has been corrected.

How empty space led to experimentation at the Globe

Creative technologist Chris Marstall at the Boston Globe Idea Lab.
Creative technologist Chris Marstall at the Boston Globe Idea Lab.

The New York Times has a terrific story today about how the downsized Boston Globe — a sister paper — has turned over a chunk of unused space to entrepreneurs, its online radio station, RadioBDC, and even a pilot for a television series.

As Times reporter Christine Haughney observes, the experimental venture by Globe publisher Christopher Mayer has already paid off in the form of a partnership with Michael Morisy, the co-founder of the public-records website MuckRock.

Dominating the space is the Idea Lab, where a small group of smart young people try out new ideas, such as different approaches to tracking Globe stories on social media and a wall-size group of screens that plots Instagram photos on a map of Boston. The latter ended up playing a role in the Globe’s recent interactive series on life in the Bowdoin-Geneva neighborhood of Dorchester, “68 Blocks: Life, Death, Hope.”

I’ve brought several groups of students to tour the Idea Lab. For anyone interested in the future of journalism, it’s one of the most interesting places you can visit.

Photo © 2012 by Megan Lieberman and used by permission.