as the Boston Daily files for Bankruptcy and is summarily sold to Gatehouse Media for a mere 4.5 million dollars.
Shee-it I coulda raised that kind of money had I but known.
But lets face it, newspapers are all but dead and buried...the nurses won't perform CPR the next time they "code" believe me. If the Herald does manage to stay in business once they run the gamut of lawsuits on the union contracts & pension obligations they are officially disowning, I doubt it'll be little more than a louder version of the Boston Metro. Thin with nothing but sports comics and Howie Carr...and I doubt even that can be viable in today's market.
I've made vicious fun of the Herald and it's "wingnut fan fiction" editorial mandate but this story does make me sad, for a long time the Hub was a "two newspaper town" with ideologically opposed daily's as well, its something that pretty much ceased to exist all over the USA decades but Boston contrarian to the bitter end, kept it up for decades past the expiration date.
And as someone who has been laid off several times and will be again one of these days, I feel very bad that the Herald will unload another fifty plus employees by next February....journalists are clogging up the unemployment offices that is a bad thing of itself...the End is Truly Nigh.
In other words, We've never been poorer in the midst of plenty.
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