from reelmoviecritic.com
As yet another newspaper was revealed to be in dire shape — this time the New York Times Co.-owned Boston Globe, the performance of which was described per yesterday's New York Observer as "dreadful" "terrible" and "anemic" — a white knight stepped out of the shadows and declared himself a potential savior: Former GE CEO Jack Welch. The WSJ reports that Welch is getting together a consortium of potential buyers and, though the paper is ostensibly not for sale, it's not like the NYT has exactly been pouring money into it of late. Upshot: Those who opine on such things think the paper may soon be in play (those opining include the Boston Globe). Meanwhile the LA Times is still very much in play on the nation's other coast, and, according to Nikki Finke, seems to kinda want movie mogul David Geffen to come save them like a real-life Matt Albee and Danny Tripp (Kurt Andersen has some advice this week on how the LAT can make itself more save-able, and it has something to do with remembering which coast it's on, which by the way is such a rip-off of Spy's take on the matter back when things were funny, man). Perhaps Barry Diller will want to buy it, since he's supposedly doing well; and Eli Broad and Ron Burkle are reportedly still in the game, if the latter has any money left after the next round of Bill Clinton birthday parties. And if that doesn't work out, word on the street is that Time Inc. may be selling a few properties, 'cause you can't send 149 kids to college all at once.
