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Article: Times Deal Bears Similarity to Boston Globe Buyout.(Brief Article)
- Article from:
- Los Angeles Business Journal
- Article date:
- March 20, 2000
- Author:
CopyrightCOPYRIGHT 2000 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LOOKING for solace in the wake of an out-of-towner snapping up the Los Angeles Times? Take a look at Boston.
Tradition-bound Bostonians witnessed a similar scene to L.A. back in 1993 when the century-old family-owned newspaper, The Boston Globe, was sold to a media conglomerate from another city, the New York Times Co.
At the time, Bostonians had the same reaction as Angelenos to the loss of their city paper - sadness, fear and anger.
But the fuss has pretty much faded. The New York Times Co. promised to be hands-off editorially and for the most part, it has done that - so much so that many readers don't even realize that the Times owns the ...