Picked-up pieces while reminding all of you that John Henry’s greatness has been vastly underappreciated . . .It's gonna be fun watching Shank grovel over the next few weeks.
Or will he?
A losing Boston Globe contender is claiming his San Diego media company outbid Red Sox owner John Henry — and would have gone even higher — a bombshell allegation that he says could delay the deal and leave the New York Times Co. open to shareholder backlash.“We bid significantly more than Henry,” said John Lynch, the CEO of U-T San Diego, one of the Globe finalists. “At the end of the day, I’m certain our bid was higher and could have been a lot more higher if they had just asked. I’m just stunned. I thought this was a public company that had a fiduciary duty to get the most by its stockholders. ... From the beginning, I don’t think they wanted to sell to us.”Probably because the owner & the newspaper are insufficiently liberal:
Douglas Manchester, the owner of U-T San Diego — the newspaper formerly known as the Union-Tribune — has come under fire for aggressively influencing his paper’s editorial content.Here's another indicator that may be the case:
PS Two years ago they could have sold it to my friends at Freedom Communications (publishers of The Orange County Register) for 300 grand (and unloaded the pensions), but they would have been ideologically uncongenial to the Times. So the Gray Lady bravely took a quarter-billion hit in the cause of liberal torpor.Popcorn time!
Comment from Universal Hub: "John Henry will make back every cent he's spending on the Globe if he makes the firing of Dan Shaughnessy a pay-per-view event."
ReplyDeleteBest. Line. Ever.
ReplyDeleteI really appreciate your blog post DHL Dan - XXI , you have presented many nice info. Thanks, DHL
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