![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png){kind=small}
pearlythebunny.livejournal.com posting in ![[community profile]](https://www.dreamwidth.org/img/silk/identity/community.png){kind=small}
davis_squarehttp://news.yahoo.com/s/time/20090309/us_time/08599188378500
Time.com thinks the Boston Globe is losing so much money that it will stop printing the newspaper altogether and become an online paper only:
5. The Boston Globe is, based on several accounts, losing $1 million a week. One investment bank recently said that the paper is only worth $20 million. The paper is the flagship of what the Globe's parent, The New York Times, calls the New England Media Group. NYT has substantial financial problems of its own. Last year, ad revenue for the New England properties was down 18%. That is likely to continue or get worse this year. Supporting larger losses at the Globe will become nearly impossible. Boston.com, the online site that includes the digital aspects of the Globe, will probably be all that will be left of the operation.
Time.com thinks the Boston Globe is losing so much money that it will stop printing the newspaper altogether and become an online paper only:
5. The Boston Globe is, based on several accounts, losing $1 million a week. One investment bank recently said that the paper is only worth $20 million. The paper is the flagship of what the Globe's parent, The New York Times, calls the New England Media Group. NYT has substantial financial problems of its own. Last year, ad revenue for the New England properties was down 18%. That is likely to continue or get worse this year. Supporting larger losses at the Globe will become nearly impossible. Boston.com, the online site that includes the digital aspects of the Globe, will probably be all that will be left of the operation.
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
If it goes online only...
Date: 2009-03-11 01:38 pm (UTC)