Tag: John Henry

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.

At The Minnesota Star Tribune, a non-endorsement leads 15 former staffers to write their own

Photo (cc) 2018 by Ken Lund

Last week, in a commentary for CommonWealth Beacon, I compared the outrage that greeted The Washington Post and the Los Angeles Times over their non-endorsements with the relative calm with which a similar decision at The Minnesota Star Tribune was met.

I wrote that the problem with the Post’s billionaire owner, Jeff Bezos, and his counterpart at the LA Times, Patrick Soon-Shiong, was their last-minute cancellations of editorials endorsing Kamala Harris — and that the Strib had escaped similar opprobrium by announcing its decision back in August.

Well, not so fast. Because as Ellen Clegg reports at What Works, 15 former Star Tribune opinion journalists were so offended by the paper’s failure to endorse Harris that they wrote their own and published it online under the headline “The endorsement editorial the Star Tribune should have published.”

Ellen profiled the Strib in our book, “What Works in Community News.” Like the Post, the LA Times and, for that matter, The Boston Globe under John and Linda Henry, the Star Tribune is owned by a billionaire: Glen Taylor, who has received praise for building up the paper and transforming it into a profitable enterprise.

Earlier this year, the Star Tribune’s new editorial page editor, Phillip Morris, put an end to endorsements as part of a wide-ranging rethink of the opinion section. But Ellen writes that it’s unclear what role Taylor or publisher Steve Grove may have had in that decision.

Ellen also notes that Grove is writing a memoir and says: “Let’s hope that along with chapters about ‘reinvention, love, community, and what holds us together,’ he explains how he’ll stand up to powerful people who would prefer that the independent press heed their whims, and to the dark forces that want to extinguish it altogether.”

Correction: It’s Grove who’s writing a memoir, not Taylor, as I incorrectly wrote earlier.

The Star Tribune unveils a Minnesota-wide rebranding and a new opinion mission

The Star Tribune of Minneapolis has been something of a doppelgänger for The Boston Globe as well as a model. Like the Globe, the Strib, as it is known, has emerged as a profitable, growing enterprise under the guidance of a billionaire sports owner.

In Boston, of course, that’s John Henry, who’s also the principal owner of the Red Sox. In Minneapolis, it’s Glen Taylor, the principal owner of the NBA’s Minnesota Timberwolves. Both men have other sports interests as well. I wrote about Henry’s struggles with the Globe in my 2018 book “The Return of the Moguls”; the paper didn’t really take off until sometime after that. My collaborator Ellen Clegg wrote about the Star Tribune in our 2024 book, “What Works in Community News.”

The parallels don’t stop there. The Globe, formerly a New England-wide paper that had contracted to Eastern Massachusetts, has been expanding in recent years, with editions in Rhode Island and New Hampshire and more to come. Executives at the Strib have been working to re-establish the paper as a Minnesota-wide entity.

Now the Strib has taken the next step. In a post for our website, What Works, Ellen writes about the Strib’s rebranding as The Minnesota Star Tribune and the innovative approach being taken by the Strib’s new opinion editor, Phillip Morris. Among other things, Morris is building up an ambitious roster of community writers known as Strib Voices and has abolished political endorsements in favor of a deeper dive into candidates and issues — something Ellen, as a retired editorial-page editor at the Globe, takes a keen interest in.

I’d be surprised if the Globe drops endorsements. Indeed, the paper just unveiled its first endorsement of the 2024 election, backing Mara Dolan in the Democratic primary for Governor’s Council. But at a time when they are increasingly seen as an anachronism, and with even The New York Times ending local and statewide endorsements, I’d also be surprised if it’s not at least being talked about at the Globe.

 

On at least two occasions, Jack Connors was part of efforts to buy The Boston Globe

Steve Bailey’s profile of Jack Connors in The Boston Globe Magazine of June 3, 2007

In his obituary of Boston businessman and philanthropist Jack Connors, who died Tuesday at 82, Boston Globe reporter Bryan Marquard reminds us that Connors was part of several failed attempts to buy the Globe from the New York Times Co., which finally sold it to financier and Red Sox principal owner John Henry in 2013. Marquard’s obit, by the way, is remarkable, and includes quotes from an interview Connors gave just last week as he was dying of cancer.

The first time Connors’ name came up in connection with an attempt to purchase the Globe was in the fall of 2006, when he partnered with retired General Electric chief executive Jack Welch and concession magnate Joseph O’Donnell. But with Times Co. chief executive Janet Robinson all but coming right out and saying the Globe was not for sale, talk of a Welch-led sale faded away. O’Donnell died earlier this year, and Welch — who died in 2020 — does not enjoy the sterling reputation he had back when he was at the height of his power and influence.

Connors’ second run at the Globe came in 2011, when he was part of a group headed by entrepreneur Aaron Kushner, who tried to convince the Times Co. to sell him the paper even though the paper’s executives were adamant that it wasn’t available. Former Globe publisher Ben Taylor and his cousin Steve Taylor, himself a former top Globe official, were involved in the Kushner bid as well. At that time Poynter business analyst Rick Edmonds wrote that with the Globe’s business having stabilized following a crisis in 2009 and the Times Co.’s debt burden eased, “It looks to me like a keeper for the company — unless someone comes forward with cash and is prepared to way overpay.”

Ultimately Kushner was spurned, and then he lost out on a bid to purchase the Portland Press Herald in Maine. In 2012, a Kushner-headed group bought The Orange County Register in Southern California, and he quickly ran it into the ground with a hiring spree that he mistakenly believed would result in a massive influx of new readers and advertising revenues. (I wrote about Kushner’s misadventures in Boston, Portland and Orange County for my 2018 book “The Return of the Moguls.”) Today the Register is a shell of its former self, having been acquired out of bankruptcy by Alden Global Capital’s MediaNews Group.

Connors’ name also came up in 2013 before the Globe was purchased by Henry.

What kind of a newspaper owner would Jack Connors have been? He was kind and generous, according to all accounts, but he would have been a minority owner with only a limited say in the Globe’s direction. Globe readers should be glad that the paper was never headed by “Neutron Jack” Welch or by Kushner, whose business plan for the Globe — a copy of which I obtained and wrote about in “Moguls” — was utterly unrealistic, depending on the same sort of unaffordable expansion that led to disaster in Southern California.

The praise that is now flowing for Connors is well deserved. He was, by all accounts, a kind and generous man. And I have one suggestion for the Globe. On June 3, 2007, the Sunday magazine published a terrific profile of Connors by then-business columnist Steve Bailey. You have to do a deep dive into the archives in order to find it. Why not republish it online?

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Photo (cc) 2016 by Dan Kennedy

Every Thursday I post a newsletter that’s exclusively for supporters of Media Nation. I’m especially proud of the new one — a look at how critics of Jeff Bezos’ stewardship of The Washington Post and John Henry’s ownership of the Red Sox have converged into a miasma of resentment and envy. Each newsletter also includes photography, a round-up of the week’s posts and a Song of the Week. I’m especially pleased with what I dug up this week, and I think you’ll be, too.

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How Larry Lucchino saved The Boston Phoenix — and how the Phoenix saved Fenway Park

Larry Lucchino, right, celebrates the Red Sox’ 2013 World Series win. Photo (cc) 2013 by Alicia Porter.

Former Red Sox president Larry Lucchino, who died Tuesday at the age of 78, not only saved Fenway Park — he also saved The Boston Phoenix. His friend and former Red Sox executive Charles Steinberg recalled in an interview with WBUR Radio earlier this week that he once asked Lucchino whether he planned to replace the ancient ballpark. Lucchino’s response: “You don’t destroy the Mona Lisa! You preserve the Mona Lisa!”

In the years before the John Henry-Tom Werner group bought the Red Sox in 2001, the fate of Fenway Park was far from clear. The previous owner — a trust set up by the late Jean Yawkey and headed by Yawkey confidant John Harrington — wanted to build a new ballpark farther south on Brookline Avenue. And that would have required the razing of 126 Brookline Ave., an office building owned by Phoenix publisher Stephen Mindich. The building’s second and third floors were occupied by the Phoenix.

Mindich declared war on Harrington’s plans, and the Phoenix was mobilized on his behalf. My friend Seth Gitell and I as well as others, including future Wall Street Journal sports columnist Jason Gay, inveighed against the proposal, arguing that a new ballpark would be better suited to a different neighborhood, such as what is now the Seaport District but was then a barren landscape of parking lots.

One of the last stories we published before the Red Sox were sold came in December 2001. Written by Seth and me, it includes this:

But if the winner of this high-stakes sweepstakes has yet to be named, it’s already clear who the loser will be. Us. Us as in baseball fans. Us as in taxpaying citizens. Us as in ordinary people who occasionally enjoy the simple pleasure of attending a game at the ballpark or tuning in the Sox on TV without having to pay through the nose.

Well, we were certainly right about the cost of attending a game and of NESN cable fees.

There were all kinds of names being bandied about at that time, including cable magnate Charles Dolan as well as local favorites Joe O’Donnell and Steve Karp. Dolan was thought to favor keeping Fenway, telling The Boston Globe: “If they can’t watch the game here, they can watch it on TV.”

But the Henry group was coming together, and it was clear that then-Major League Baseball commissioner Bud Selig was hoping to steer the sale Henry’s way. That’s exactly what happened later that month, with Lucchino brought in as part of the ownership group and emerging as the main cheerleader for refurbishing Fenway Park rather than demolishing it. As the force behind Baltimore’s retro Camden Yards, the first of the new generation of classic ballparks, Lucchino was the ideal person to lead that effort.

The Phoenix was saved, at least for the time being; it shut down in 2013, falling victim to the economic forces that had been battering the newspaper business. Henry bought the Globe later that year and slowly transformed it into a growing and profitable paper. And the Red Sox, playing in the iconic ballpark that John Harrington wanted to tear down, won World Series in 2004, 2007, 2013 and 2018, although they are currently in the midst of an uncertain rebuilding process.

Larry Lucchino deserves credit for giving the Phoenix another dozen good years. And Stephen Mindich, who died in 2018, deserves some credit for saving Fenway Park in the years before Lucchino arrived on the scene.

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A state judge trims back ex-Globe president’s lawsuit

Remember Vinay Mehra, the former Boston Globe Media president who sued the company for compensation he claims he was owed after he was fired in 2020? Well, his suit continues to wend its way through the legal system, but Suffolk Superior Court Judge Peter Krupp trimmed back Mehra’s demands recently, ruling that Mehra is not entitled to triple damages should he prevail. Adam Gaffin of Universal Hub, channeling Massachusetts Lawyers Weekly, has more.

Earlier:

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How the NY Times over-interprets its reporting about billionaire media owners

Jeff Bezos. Photo (cc) 2019 by Daniel Oberhaus.

The New York Times has published a story (free link) that calls into question the rise of billionaires who own news organizations, noting that The Washington Post under Jeff Bezos, the Los Angeles Times under Patrick Soon-Shiong and Time magazine under Marc Benioff are all losing money. True enough. My problem with the story is that reporters Benjamin Mullin and Katie Robertson try too hard to impose an ubertake when in fact there’s important background with each of those examples. Mullin and Robertson write:

All three newsrooms greeted their new owners with cautious optimism that their business acumen and tech know-how would help figure out the perplexing question of how to make money as a digital publication.

But it increasingly appears that the billionaires are struggling just like nearly everyone else. Time, The Washington Post and The Los Angeles Times all lost millions of dollars last year, people with knowledge of the companies’ finances have said, after considerable investment from their owners and intensive efforts to drum up new revenue streams.

The role of wealthy newspaper owners is something of ongoing interest to me. My last book, “The Return of the Moguls” (2018), focused on the Post, The Boston Globe and the Orange County Register in Southern California, owned by a rich Boston-area businessman named Aaron Kushner. At the time the book came out, the Post was flying high, the Globe was muddling along and the Register was failing; it eventually fell into the hands of the slash-and-burn hedge fund Alden Globe Capital. The Post’s and the Globe’s fortunes have since moved in opposite directions.

Here are the particulars that get glossed over in Mullin and Robertson’s attempt to impose an overarching framework:

• Bezos, who bought the Post in 2013, made deep investments in technology and built up the staff. The result was years of growth and profits, which only came sputtering to a halt after Donald Trump left the White House. Former executive editor Marty Baron, in his book “Collision of Power,” suggests that, over time, a disciplined approach to hiring became more lax. In other words, the Post got ahead of itself and is now in the midst of a reset. A new publisher, William Lewis, begins work this month, and we’ll see if he can articulate a strategy that amounts to more than “just like the Times only not as comprehensive.”

• Benioff bought a dog and, predictably, it’s going “woof woof.” Time was the largest of the Big Three newsweeklies, along with Newsweek and U.S. World & News Report; it’s also the only one of the three that still exists in a somewhat recognizable form. Newsweeklies succeeded because, pre-internet, you couldn’t get great national papers like the Times, the Post and The Wall Street Journal delivered to your doorstep. Not only is there no discernible reason for them to exist anymore, but the leading newsweekly these days, at least in terms of cachet, is The Economist.

• Not all billionaire owners are in it for the right reasons, and Soon-Shiong has proven to be an uncertain leader. Does he care about the Los Angeles Times or not? He’s built it up; now he’s tearing it down. He recently pushed out his executive editor, Kevin Merida, the most prominent Black editor in the country, and he’s done some truly awful things such as delivering Tribune Publishing’s papers to Alden Global Capital and more recently selling The San Diego Union-Tribune to Alden.

So what does that tell us about billionaire owners? Not much. As Mullin and Robertson acknowledge, some are doing just fine, including The Boston Globe under John and Linda Henry and The Atlantic under Laurene Powell Jobs. They could have also mentioned the Star Tribune of Minneapolis under Glen Taylor or, for that matter, The New York Times, a publicly traded company that is nevertheless under the tight control of the Sulzberger family. I don’t think the Sulzbergers are billionaires, but they are not poor.

At the moment, it seems that the only two viable models for large regional dailies is individual ownership by wealthy people who are willing to invest in future profitability and nonprofit ownership, either in the form of a nonprofit organization owning a for-profit paper, as with The Philadelphia Inquirer and the Tampa Bay Times, or a paper that goes fully nonprofit, as with The Salt Lake Tribune and The Baltimore Banner. The Banner is a digital startup that nevertheless is attempting to position itself as a comprehensive replacement for The Baltimore Sun. The Sun, in turn, was one of the Tribune papers that Soon-Shiong helped gift-wrap for Alden, and just this past week was sold to right-wing television executive David Smith.

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Kevin Merida’s departure from the LA Times raises doubts about its billionaire owner

Kevin Merida. Photo (cc) 2021 by Michifornia.

There’s some very bad news coming out of Los Angeles this week. Kevin Merida, the executive editor of the Los Angeles Times, is stepping down after just two and a half years on the job. Merida, who previously held high-level jobs at The Washington Post and ESPN, is perhaps the country’s most prominent Black editor, and his departure raises serious questions about the LA Times’ owner, billionaire Patrick Soon-Shiong, who bought the paper in 2018.

Soon-Shiong has certainly been a better steward than a corporate chain or hedge fund would have been, but his time at the helm has been unsteady. He wants to grow toward profitability, but he keeps cutting the staff. Twice he has gone out of his way to deliver newspapers into the arms of the undertakers at Alden Global Capital, doing nothing to stop Alden’s acquisition of Tribune Publishing’s nine major-market dailies in 2021 and then selling The San Diego Union-Tribune to Alden in 2023.

Poynter media columnist Tom Jones notes that Soon-Shiong is now trying to reassure the LA Times newsroom that Merida’s departure will not lead to a similar fate:

Perhaps sensing the uneasiness of his newsroom, Soon-Shiong wrote in a note, “Our commitment to the L.A. Times and its mission has not wavered since the inception of our acquisition. However, given the persistent challenges we face, it is now imperative that we all work together to build a sustainable business that allows for growth and innovation of the L.A. Times and L.A. Times Studios in order to achieve our vision.”

Benjamin Mullin, writing in The New York Times, reports that Merida clashed with members of Soon-Shiong’s family over Merida’s edict that staff members who signed a petition condemning Israel’s war in Gaza would be temporarily banned from covering stories related to the war. Whether or not you think Merida was clinging to outmoded ethical standards, you can’t say that move was controversial. Indeed, two New York Times contributors resigned, apparently under pressure, after signing a similar letter.

At one time it looked like wealthy individual owners might be a solution to the news crisis — not that they could be expected to underwrite losses forever, but they could certainly provide the runway needed to build a new, sustainable business model. Now, with Jeff Bezos’ Washington Post floundering, it looks like the only wealthy newspaper owners who’ve fulfilled their promise are John and Linda Henry at The Boston Globe and Glen Taylor at the Star Tribune of Minneapolis.

Sadly, it’s hard to be optimistic about the future of the LA Times under Soon-Shiong.

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The late Joe O’Donnell was once part of a group that wanted to buy the Globe

There’s a small omission in The Boston Globe’s obituary of Joe O’Donnell. Bryan Marquard writes that O’Donnell was part of a group that once tried to buy the Red Sox, a prize that was ultimately won by John Henry. What the story doesn’t mention, though, was that O’Donnell also tried to buy the Globe itself. I made mention of it in 2007 in an article I wrote for CommonWealth Magazine, writing that there had been some talk the previous fall that the New York Times Co. might be getting ready to offload the Globe:

The speculation briefly reached a fever pitch last fall, when retired General Electric chief executive Jack Welch, advertising executive Jack Connors, and concession mogul Joseph O’Donnell spread the word that they would like to buy the Globe. But with Times Company chief executive Janet Robinson all but coming right out and saying the Globe is not for sale, talk of a Welch-led sale has died down.

Two years later, the Times Co. did try to sell the Globe, only to pull it off the market when it apparently couldn’t get the price it wanted. Then, in 2013, the Times finally sold the Globe to none other than John Henry, O’Donnell’s rival in the Red Sox sweepstakes. In my book “The Return of the Moguls,” I wrote that Connors was among the suitors who competed with Henry for the Globe; I did not record whether O’Donnell was part of that second Connors bid.

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