Steve
10-25-2006, 08:35 PM
What's your view on the newspaper business? Jack Welch used to run GE. He is a very smart guy. I wonder what growth he sees in the newspaper business.
The Globe's daily paid circulation fell 8.5 percent to about 397,000 copies for the six-month period that ended March 31, compared with the same period in 2005, according to data published by the Audit Bureau of Circulations.
When I read statements like the above, it reaffirms what I feel and that is the newspaper business is a slowly wasting away.
What's your view?
Jack Welch may bid on Boston Globe (http://money.cnn.com/2006/10/25/news/newsmakers/bc.media.times.globe.reut/index.htm?postversion=2006102517)
Welch and a local businessman are working with JP Morgan, which valued the paper at $550 million to $600 million. - Two prominent Boston businessmen, including retired General Electric Co. chief Jack Welch, may make an offer to buy The Boston Globe from New York Times Co., the Globe reported Wednesday.
Describing the plan as preliminary and quoting executives involved in the discussions, the newspaper said Welch and local businessman Jack Connors were working with J.P. Morgan Chase & Co. (up $0.13 to $47.27, Charts), which valued the Globe at $550 million to $600 million.
The Globe's daily paid circulation fell 8.5 percent to about 397,000 copies for the six-month period that ended March 31, compared with the same period in 2005, according to data published by the Audit Bureau of Circulations.
When I read statements like the above, it reaffirms what I feel and that is the newspaper business is a slowly wasting away.
What's your view?
Jack Welch may bid on Boston Globe (http://money.cnn.com/2006/10/25/news/newsmakers/bc.media.times.globe.reut/index.htm?postversion=2006102517)
Welch and a local businessman are working with JP Morgan, which valued the paper at $550 million to $600 million. - Two prominent Boston businessmen, including retired General Electric Co. chief Jack Welch, may make an offer to buy The Boston Globe from New York Times Co., the Globe reported Wednesday.
Describing the plan as preliminary and quoting executives involved in the discussions, the newspaper said Welch and local businessman Jack Connors were working with J.P. Morgan Chase & Co. (up $0.13 to $47.27, Charts), which valued the Globe at $550 million to $600 million.