Tag: Herbert Lipson

Boston Globe Media acquires Boston magazine, closing a deal that was reported here first

Boston Globe Media is acquiring Boston magazine, thus consummating a deal whose existence I revealed on Dec. 6. The glossy monthly, which combines lifestyle features with some serious investigative reporting, will continue with its current staff, as Globe media reporter Aidan Ryan writes that no one will lose their jobs in the transaction. Globe Media CEO Linda Henry is quoted as saying:

As so many other iconic publications that once shaped our city have faded away, we feel an immense responsibility to honor and preserve Boston magazine’s legacy. This is not just about sustaining a magazine — it’s about strengthening a cornerstone of Boston’s identity and ensuring its stories continue to inspire, connect, and resonate with our community for generations to come.

It will be interesting to see how the Globe integrates BoMag with its existing Sunday magazine given that the two publications overlap to some extent.

Boston magazine was purchased in 1970 by the late D. Herbert Lipson from the city’s chamber of commerce. Lipson, who was based in Philadelphia, was also the owner of Philadelphia magazine and was involved in several other publishing ventures over the years as well. The company he created, Metrocorp, is still family-owned, with his son David H. Lipson Jr. serving as chairman and CEO.

BoMag’s circulation is around 55,000, down from 75,000 in 2018, according to Ryan’s story.

Back when I was working for The Boston Phoenix, we considered Boston magazine to be one of our principal rivals given that its mix of long-form reporting, arts and culture was in our wheelhouse as well. The Phoenix closed in 2013, and BoMag has carried on in an increasingly difficult media environment.

The Globe, meanwhile, is profitable and growing, although it’s been making some cuts recently. Among other things, the paper has ended my former Phoenix colleague Nina MacLaughlin‘s excellent Sunday column as it dials back its coverage of books. Boston is a literary hub, and I hope the editors will reverse that ill-considered decision.

In addition to Boston magazine and the Globe itself, Globe Media publishes a free website, Boston.com, and Stat News, which covers health and medicine.

Update: A couple of sources just forwarded to me Linda Henry’s email to the staff. Here it is:

Dear Boston Globe Media Team —

We are thrilled to formally welcome Boston Magazine into the Boston Globe Media fold today as we work to connect our award-winning journalism to more audiences.

While many regional magazines in our area have faded away over the years, Boston Magazine has been an important chronicler of the people and culture of Boston for over six decades. For so many families in our community, The Boston Globe is on their kitchen table each day and BostonMagazine is on their coffee table each month, two publications serving the same region in different ways.

A bit of background: The Lipson family, owners of Philadelphia magazine, acquired Boston Magazine from the Boston Chamber of Commerce in 1970. The two publications operated under Metro Corp, based in Philadelphia. Following the passing of founder Herb Lipson in 2017, the company came under the leadership of his three children, with his son David taking the helm. The family made the decision to sell the whole company, leading to a long and complex process. We are delighted to announce that Boston Globe Media has acquired just Boston Magazine from Metro Corp, bringing this enduring publication under local stewardship.

I’m pleased to share that the entire Boston Magazine team has been given offers to retain their current positions, and we’ve been working diligently to ensure a seamless transition of operations. In the coming months and in our next Town Hall meeting on Monday, February 10, we will share more on our strategy and plans.

A heartfelt thank you to the fantastic Globe team who worked tirelessly to make this happen. To our new colleagues, welcome! We look forward to collaborating and continuing to find ways to better serve our community.

Warmly,
Linda

Exclusive: Boston Globe Media is looking to buy Boston magazine

Boston Globe Media is exploring a possible acquisition of Boston magazine, according to sources in the newsroom who had heard about the plans and who asked not to be identified. The glossy monthly would become part of a portfolio of media properties that includes The Boston Globe, the free website Boston.com and Stat News, which covers medicine and the health-care industry.

When asked about Globe Media’s interest in BoMag, the company responded with a statement:

Boston Globe Media continuously evaluates opportunities for growth that align with our business strategy, and our success as a dynamic media organization is due in part to our desire to adapt and evolve along with our audiences. We cannot disclose any current opportunities at this time. We will stay in touch.

If the deal is consummated, it would be a significant move by Globe owners John and Linda Henry, who have built one of the country’s few growing and profitable major metropolitan newspapers. Boston magazine, by contrast, has gone through several rounds of budget cuts in recent years.

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BoMag is best known for its annual Best of Boston rankings of everything from restaurants to kids’ activities as well as gauzy features on lifestyle, culture and real estate, as is characteristic of city magazines.

But it also publishes in-depth news stories, such as Gretchen Voss’ memorable 2023 story about a long-running battle between Everett Mayor Carlo DeMaria and the Everett Leader Herald, one of that city’s three independent weekly newspapers. Voss reported that Leader Herald editor Josh Resnek, in the course of being deposed in a libel suit brought against him and the paper by DeMaria, admitted he’d engaged in fabrication in his stories accusing the mayor of corruption.

Another Voss story is currently the subject of a court battle over anonymity in the notorious Karen Read murder case. On Thursday, the Globe reported that Judge Beverly Cannone had ordered Voss and the magazine to turn over off-the-record and redacted notes from interviews that Voss had conducted with Read for a story that was published last fall.

BoMag attorney Rob Bertsche was quoted as saying that the case illustrated the need for a state shield law to protect journalists’ confidential sources and documents. “The judge’s decision today illustrates a harsh truth: In Massachusetts, in the absence of a shield law, a court will not necessarily protect an investigative reporter’s promise to keep certain information confidential,” Bertsche told the Globe in a statement.

Boston magazine was purchased in 1970 by the late D. Herbert Lipson from the city’s chamber of commerce. Lipson, who was based in Philadelphia, was also the owner of Philadelphia magazine and was involved in several other publishing ventures over the years as well. The company he created, Metrocorp, is still family-owned, with his son David H. Lipson Jr. serving as chairman and CEO.