Scanning The Headlines

Posted by: Jon Fine on October 26, 2006

Three random media media headlines of the past 24 hours or so, lightly edited for clarity:

Welch, Others, Mull Private Bid For NYT’s Boston Globe (Parenthetically: The Boston Globe may be the albatross around the New York Times Co.’s neck right about now. But the idea that the Times will sell it for the reported $550 million to $600 million, or more or less precisely one-half of what the Times Co. paid to buy it in ’93—-well, that’s just crazy-talk.)

Clear Channel Chews Over Going Private

Gatehouse Publishing. A Company Wholly Composed Of Tiny Newspapers And Whose Primary Growth Strategy Involves Buying More Of Them, Sees Stock Spike Something Like 20% In First Day Of Trading.

The instructive moral lesson, of course, is that public ownership of media companies no longer makes any sense.

Except when it does.

Reader Comments

Rhea

October 26, 2006 7:12 PM

I would hate to see the Globe owned by the likes of Jack Welch. The censorship that resulted from GE's purchase of NBC was blatant.

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