Bill Wasserman. Photo by Jim Walsh. Used by permission.
Legendary North Shore publisher Bill Wasserman has died at the age of 94. The founder of the Ipswich Chronicle, which he built into a group of about a dozen papers comprising North Shore Weeklies, Wasserman sold in 1986 and later became an outspoken critic of corporate chain ownership.
Several years ago, GateHouse Media — now Gannett — folded the Chronicle and merged it into a paper called the Chronicle & Transcript, which covers six North Shore Communities. Wasserman did something about it, becoming a consultant and ad salesman at a nonprofit startup, Ipswich Local News, which appears to be going strong.
Starting in the early 1990s, Wasserman’s former papers became part of larger groups — first Community Newspaper Co., owned by Fidelity and later then-Boston Herald publisher Pat Purcell, and then GateHouse. Wasserman lamented the cuts that were implemented at his old papers. In 2008 I wrote about GateHouse for CommonWealth Magazine; Wasserman was among those I interviewed. An excerpt:
After 20 years of consolidation, it’s fair to ask if corporate ownership of community newspapers makes sense — not just journalistically, but financially. Take Bill Wasserman, who built North Shore Weeklies and sold the group in 1986 to investors who, in turn, sold to Fidelity several years later. Wasserman says the main problem with corporate ownership is a failure to understand that, even in the best of times, community journalism is little more than a break-even proposition.
“I was paid a salary, which was modest,” says Wasserman. “The reward was not in the profit. The reward was having a lot of fun putting out a community paper.”
Earlier this year Wasserman was honored by the Ipswich Rotary Club. Even in his 90s, he was looking to the future, saying:
The Ipswich Local News, which is surviving despite all the reports of failing local newspapers, is doing well because of its small but dedicated staff led so ably by John Muldoon — a Rotarian — and the broad support of both the local business community and the residents. It is a joy to be part of this effort to keep local news and its watchdog component alive.”
Wasserman retired from the paper a little more than a year ago, saying, “I will be 93 in two weeks, and I would like to pay more attention to my family and sleep without a deadline. There’s enough news and concerns in our town to keep busy 24 hours 7 days a week.”
I last saw Wasserman several years ago. He looked well and was as sharp as ever. His passion for community journalism was undimished. It’s fitting that toward the end of his life he came full circle — helping to found a newspaper in Ipswich to take the place of a once-thriving paper shut down by a corporation for whom the bottom line is always the bottom line.