31 July 2009

Newspaper model - Is the Boston Globe viable? If so, how? - NYTimes.

What happens to the Boston Globe will say a great deal about the state of the crisis, or crises, in the US newspaper world. This is a venerable institution serving as "the" daily newspaper for the Boston market, and for much of New England.

Having been acquired by the New York Times Co. for a very large sum from the family that owned it for generations, it has proven to be a very poor performer for the Times.

The attached talks about two possible bids, one from a group that prefers a more non-profit or civic approach to running a newspaper, and the other from a member of the family that used to own the paper.

What is important here for managing the crisis is what ultimately happens and how do we get to that point. Will the Globe be a newspaper in any sense of that word in the future? Will it simply die? Will it become entirely electronic? What role will journalism play in its future? How will the market be served if there is no Globe? There are many "learnable" questions here and the next several weeks bear close scrutiny so as to learn from whatever happens.

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