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Thread: Details of threat to close (Boston) Globe emerge

  1. #1
    Educating the Ignorant
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    Details of threat to close (Boston) Globe emerge

    Damn this is funny.

    Details of threat to close Globe emerge - BostonHerald.com
    “They’re nickel-and-diming people,” said a Globe union official who spoke on condition of anonymity, adding that top executives at The New York Times Co., which owns the Globe, “have ruined” the sagging broadsheet.
    LMFAO... not tears zone here.
    Good riddance... you screwed yourselves... enjoy the product of your very own irresponsible behavior.

    "nickel and diming"? LOL... welcome to the leftists America. And the NY Times dealing the death blow to boot! Damn that's funny.

    Seeing as you folks love Leftists and taxation, I think your paper should be taxed double the current rate... and the employees taxed double as well.
    Taxed into prosperity the Obama Way. Enjoy.

    Pay the fair share those you propagandize for have failed to... you know... the Geithner's... John Edwards and his $600,000 dodge... Daschle... Rangel... you know... the Dems' tax dodging leadership.

    Isn't change vunderful?

    .
    Last edited by zimmer; 04-06-09 at 12:28 PM.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

  2. #2
    Upper West Side Jacobin
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    Re: Details of threat to close (Boston) Globe emerge

    Immense quality post
    And why does your tone suggest that you do not care about children?

  3. #3
    Educating the Ignorant
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    Re: Details of threat to close (Boston) Globe emerge

    Quote Originally Posted by new coup for you View Post
    Immense quality post

    Everyone has their day
    I take it you're a sympathizer?

    Or a disgruntled employee?

    No worries, the Obama administration has "plans" for you.

    As for the Globe, Times, etc...
    ...I like seeing these leftist rags vanish.
    Can't wait for the NY Times to disappear in its paper form.


    .
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

  4. #4
    Educating the Ignorant
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    Re: Details of threat to close (Boston) Globe emerge

    Quote Originally Posted by new coup for you View Post
    Immense quality post
    Quote Originally Posted by new coup for you View Post
    Immense quality post
    Warning: More salt.
    The wave of the future.
    They deserve it... and then if/when they're online, their influence will be diminished.
    The media landscape will be interesting in 10-20 years.

    Now how to unscrew the school system.

    The Times of Beacon Hill, Anyone? | The New York Observer
    “...I was really saddened and astonished to see how much money The Boston Globe is losing and I’m partly amazed we’ve been allowed to operate in that environment for as long as we have.”
    Good thing they're not government run... we'd never be rid of them.

    But what’s now becoming evident to staffers—that the paper loses a tremendous amount of money—is something Times Company executives have known for some time...

    “I don’t go for this whole ‘The Times ****ed us up’ line,” he said. “It’s nonsensical. I saw someone quoted anonymously in the Boston Herald and that’s pretty ****ing bold. It’s something you could hear, but it’s not a majority.”

    Just how much is The Globe losing The Times? Executives told union leaders that the paper lost $50 million last year, and would lose $85 million this year.

    when the paper is supposedly losing so much more.

    So what is the real breaking point for The Boston Globe?

    “It’s really the trend,” said Ed Atorino, the analyst from Benchmark Company who specializes in media... if you’re losing $85 million and you think the next year it’s going to $100 million, and you think there’s no stopping it, you can’t let this continue.”

    “As the banks see deterioration in cash flow, that means The Times is approaching a limit, or a trigger point, at which the banks can force an action to get them into Chapter 11,” he said. “Increasing losses at The Globe is reducing The Times’ cash flow and driving them possibly toward their bank agreement limit, which could lead to Chapter 11. Then if that happens, the banks can force them to sell stuff, and a lot, a lot of nasty stuff can happen.”

    ...literally every dollar at this point counts. And if you don’t get it, you basically have no other choice other than to make that threat.

    If the paper could be sold, it would be. But who would actually buy it at this point? In late 2008, Barclays valued The Globe at $20 million.

    “I doubt there’s actually a market for it,” said Mr. Morton, the analyst.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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    Re: Details of threat to close (Boston) Globe emerge

    Quote Originally Posted by new coup for you View Post
    Immense quality post
    Moderator's Warning:
    Details of threat to close (Boston) Globe emergeOnly warning. Continue trolling the thread and action will be taken

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