The Taylor group gets two boosts
The Stephen Taylor-led group that’s seeking to buy the Boston Globe from the New York Times Co. is getting more interesting by the day.
Last week the Globe reported that the group includes Mary McGrath, who’s best-known for producing two Christopher Lydon-hosted shows on public radio, “The Connection” and “Open Source,” and who is a formidable journalist in her own right.
She also hails from a legendary family of journalists that includes her brother Charles “Chip” McGrath, a staff writer for the New York Times; her brother Jim McGrath, an editorial writer for the Albany Times Union; and her nephew Ben McGrath, a staff writer for the New Yorker.
On Saturday the Globe revealed that Stephen Taylor, a former high-level executive at the Globe, has been joined by his cousin Ben Taylor, a former Globe publisher who was removed by the Times Co. in 1999. (The Taylors sold the Globe to the Times Co. in 1993.)
Is it OK to start feeling optimistic?
No, it is not. The business fundamentals are broken and more damage is being done daily with increasing circulation prices at the cost of declining circulation.
The advertising decline will be permanent. Damage is being done and it is hard to correct.
It is easier to stay out of trouble than get out of trouble.
They keep pounding more nails in their own coffin, and by the time the Taylors get this in their hands it may be all but dead on arrival, sadly.
We don’t have to go far to take a poll or survey. Mrs. Media Nation says she prefers print. It’s that simple!
The names mentioned are reasons why we would like to see the Taylor group be the one to buy the Globe, but are they reasons why the NYT company would be more likely to sell the Globe to the Taylor group?
Al: According to Arthur Sulzberger’s past comments, which I’ve linked to before, the answer to your question is “yes.”
Wow. Steven Taylor. Who would have ever thought a member of Aerosmith would own the Globe someday.