telegramnfg: Telegram not for sale after all–factoringbusinesssite.com
In article http://www.telegram.com/article/20091208/NEWS/912080404/ Telegram announces that New York times will retain ownership of the Telegram & Gazette and telegram.com online version. This article appeared on December 8, 2009. Most from Massachusetts have known for some time that NYT contemplated selling both the Boston Globe and the Worcester paper. There’s been a lot of money lost, although I’ve never been completely convinced cut-and-run is the best route.
I’m supposed to be grateful, and in the nuclear sense of the Telegram not shutting down, I’m glad. However, there were two formal bids to buy the paper, one reportedly from local businessman Ralph D. Crowley Jr. and another from “Florida billionaire Jeff Greene, who grew up in Worcester.” The problem with New York times’ ownership of the paper is they aren’t local and they don’t want to be. Local news outlets should be owned and managed locally, just as hospitals should generally be non-profit. All this is just common sense.
New York times owns the Telegram and it’s their perfect right to do whatever they choose with it, but both the community and the stockholders would have been better off with a sale — even factoring in the financial loss. Reality is, NYT has no formula for bringing back the readers and the advertising dollars. Operating under their outdated business model, such a feat isn’t even possible. Why on Earth is a New York city corporation trying to run a daily paper in Worcester? The attempt cannot work because it makes no sense! Meanwhile NYT continues to “streamline” Telegram. To the subscriber this always means less worthwhile news to read — without exception.
I’m not sorry the Crowley bid failed, because one of the partners to that proposal was former Telegram editor Harry T. Whitin. Mr. Whitin doesn’t come across as a bad guy, but he showed his true inability to lead surrounding the Jim Dempsey debacle in April 2001. Since then, one of Mr. Whitin’s few public appearances was to announce Telegram’s new print format (which was really just a cost-cutting measure). Many newspapers do not run “From the Editor” columns, but taking ownership is very-much needed in a turbulent market like Worcester. If Mr. Whitin wants to stay in the print business, it’s time to get over the stage fright and get something notable done. Otherwise enjoy your retirement Mr. Whitin, because metropolitan Worcester is getting along just fine without you. Too bad we didn’t get to know you, but that isn’t what you wanted.
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