The Globe sale, contextualized

By PETER KADZIS  |  February 27, 2013

At this point the worldly reader might ask, "Can McGrory hold on to his job?"

That, of course, depends on who the new owner turns out to be. McGrory brings continuity and stability to news side of the organization. That is something presumably to be prized by whoever pays out the $80 million to $150 million the paper is expected to fetch.

If that's the case, then what of the reports by the Boston Herald that this is an unplanned fire sale that demonstrates the essential bankruptcy of elite media?

It is true that all newspapers and most media are under punishing pressure. The Herald itself is a case in point. Unwilling or unable to pay for printing itself, the Herald has farmed out the job to the Globe — which, it is safe to imagine, makes a profit on the deal. Perhaps the toxic fantasies deployed by the Herald's front-page editors are a passive-aggressive reaction to the complicated realities of today's newspaper world.

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