Monday, October 30, 2006
(Thanks to all listeners for their patience. I think next one, I'll just take two weeks off from work and record the whole thing in one session....)
Friday, October 27, 2006
Mr. Connors's interest in the Globe dates back several months and was sparked by the purchase of the Philadelphia Inquirer by Brian Tierney, chief executive officer of Tierney Media Holdings LLC, from McClatchy Co. over the summer, according to people familiar with the situation.
Shortly after, Mr. Connors asked Mr. Barnicle if Mr. Welch would be interested in participating. Mr. Barnicle asked Mr. Welch, who was initially skeptical but agreed to have lunch with the two men. As Mr. Connors explained the project over lunch roughly six weeks ago at the Four Seasons, Mr. Welch got more interested and signed on. Messrs. Welch and Connors agreed to put in $25 million and valued the paper at between $550 million and $600 million; the parties said they would be satisfied with a 5% to 8% return. The Times bought the Globe in 1993 for $1.1 billion.
Later, Mr. Welch asked James B. "Jimmy" Lee, vice chairman of J.P. Morgan Chase & Co. to analyze the possibility of making an offer. Mr. Lee assigned a small team of bankers to work on the project, but the bank's work is still "preliminary" according to a person familiar with the discussions, and no formal bid is in the works.
"I've been an avid reader of the Globe my entire life and I appreciate the important role the newspaper plays in the civic life of this community," said Mr. Connors in a statement. "But the current speculation is very premature. I have conversations about possible business deals all the time and 90% of them never move forward."
But in reaction to the article in today's Globe, several people with deep pockets in both Boston and New York have called and asked to be part of the group, according to the person familiar with the discussions. The group feels they could attract more advertising to the Globe because of the goodwill they would generate by being local owners.
Sunday, October 22, 2006
Tuesday, October 17, 2006
A clearly pissed off Richard Dawkins admits at the end of this debate (see October 9th listing) a crucial issue which science really cannot answer. And with that, you have the reason why 'scientific' atheism will never appeal to most people.
How about Irish journalist Richard Quinn? Did not let Dawkins get away with anything.
Thursday, October 12, 2006
Tuesday, October 10, 2006
Friday, October 06, 2006
One friend reminded me of the assassination attempt that targeted the former pope two decades ago wondering what the reaction of the pope was…as we all know he eventually visited the assailant and pardoned him.
No mosques were blown up and no speech of a clash of civilizations was made.
So why don't we admit that the "other" is better than us at responding rationally when criticized? Why don't we learn from others?
When we closed our ears to anything that doesn't match our beliefs and refused all criticism wasn’t that enough reason for the deterioration of our civilization?
Wednesday, October 04, 2006
Monday, October 02, 2006
The newspaper industry has for the most part been treating the new technology like an end in itself, thinking that the combination of a well-known brand and a slick Website would do the trick. Well, those Web sites have attracted online readers but they have not improved the medium-term prospects of their sister organizations. Internet advertising revenues account on average for no more than 10 percent of total ad revenues because online readers of newspapers still have small value for advertisers. Newspapers need to expand their Internet readership very substantially and, particularly, persuade their online readers to stay hooked to their digital versions much longer. The way to do that is to embrace the cultural change.