Wednesday, March 22, 2006
No one keeps a secret better than Pat Purcell. But there is a palpable buzz in local media circles that a major announcement may be imminent -- or at least coming soon -- at One Herald Square. As everyone has reported, the Herald Media empire -- which includes the flagship Boston tabloid that Purcell bought in 1994 from Rupert Murdoch and the Community Newspaper Co with more than 100 local publications that he bought from Fidelity in 2001 -- has been on the market. According to the conventional wisdom, with the Herald struggling financially, it is the CNC operation that's the attractive option for potential buyers. Anyway, stay tuned.
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