With a weekday circulation of about 350,000, the Globe is reported to be on track to lose $85 million in 2009.With the $20M that the Robber Barons at the New York Times plan on screwing out of the Union scribblers, that will get the loss down to under $200 a subscriber. So what explains the Death Watch? The Media insiders have a firm grip on reality:
So why is the Globe, which is just a touch smaller than the Chronicle, so similarly strapped? Atorino says it has a lot to do with the city's makeup: a high proportion of Boston's residents are college students, who tend not to read newspapers, and a high proportion of its businesses are financial institutions, which, of course, have gotten hammered over the past two years.Too many students. Riiiight. Unfortunately, the reality they're clutching is from Planet Zokbar-2.
Nothing to do with publishing Internet Porn on the front page because "someone told them it was pix from Abu Graib". Nothing to do with reporting on a Tea Party in Kentucky, but not the one in Boston. Nothing to do with shilling a Democratic politician's handbag in their store.
Must be those danged kids. They're probably out on my lawn, right this minute.