Buyer for Boston Globe rumored

A number of media outlets are reporting an offer for the Boston Globe by vulture/venture fund Platinum Equity, for $35 million cash and the assumption of $59 million in pension liabilities. This on an asset purchased by the New York Times for $1.2 billion, a billion dollar loss. Wonder if this is the kind of [...]

Fate of Boston Globe up in the air

Media news from south of the border just gets grimmer and grimmer by the day. A day after rejecting a package of cuts to wages and benefits, Boston Globe employees wait for the axe to fall. Owner New York Times is promising a 23 per cent wage reduction across the board. Among the benefits the [...]