Stuff I found interesting or amusing and thought I'd share.
- Interesting long read look at The Athletic and how they are now trying to take over sports reporting in the UK (or more correctly the Premiere League because many soccer fans are international based not necessarily confined to the city of the clubs). As an aside I've been a subscriber to The Athletic for quite a while now and enjoy their content.
- "Keep working." Excellent advice.
- One year update from Alex Trebek. How can you not root for this man?
- Why String Theory is such a dream and a nightmare. Got a sneaking suspicion that physicists from the future will scratch their heads wondering why we believed in String Theory. HT Stephen Landry
- Jack Welsh's approach to leadership
- How Tesla sets itself apart
Chris Lynch's slanted view on sports, politics and entertainment. Please send thoughts or comments to chris.lynch@gmail.com
Showing posts with label Jack Welsh. Show all posts
Showing posts with label Jack Welsh. Show all posts
Wednesday, March 04, 2020
Linky Links
Labels:
Alex Trebek,
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Life Advice,
Steven Pressfield,
Tesla,
The Athletic,
writing
Saturday, April 04, 2009
The Boston Globe
The New York Times Co. has threatened to shut The Boston Globe unless the newspaper's unions swiftly agree to $20 million in concessions, union leaders said yesterday.
Seeing how the above sentence is taken from Boston.com - the Globe's website - you would have to say that the threat is real. I must say that I'm stunned.
Stunned at how completely incompetent the upper management of the New York Times Co. continues to be. The Boston Globe was purchased in 1993 for $1.1 billion and now it may be shuttered unless it can shave $20 million off operating costs? Please.
I have no doubt that some of the cuts and concessions are necessary but the real problem here is not the economy, it is not the state of the newspaper industry - it is the senior management of New York Times Co. Specifically Pinch Sulzberger - the man who has almost single-handedly turned New York Times Co. stock into junk.
I have no doubt that the Boston Globe will fail as a business if its fate remains in the hands of such a klutz as Sulzberger. No doubt. It is time for local ownership to take back the Globe. Someone like Jack Welsh. That's the only way the Globe will survive. The concessions being called for today are just a band-aid on a self-inflicted gunshot wound.
The New York Times Co. has threatened to shut The Boston Globe unless the newspaper's unions swiftly agree to $20 million in concessions, union leaders said yesterday.
Seeing how the above sentence is taken from Boston.com - the Globe's website - you would have to say that the threat is real. I must say that I'm stunned.
Stunned at how completely incompetent the upper management of the New York Times Co. continues to be. The Boston Globe was purchased in 1993 for $1.1 billion and now it may be shuttered unless it can shave $20 million off operating costs? Please.
I have no doubt that some of the cuts and concessions are necessary but the real problem here is not the economy, it is not the state of the newspaper industry - it is the senior management of New York Times Co. Specifically Pinch Sulzberger - the man who has almost single-handedly turned New York Times Co. stock into junk.
I have no doubt that the Boston Globe will fail as a business if its fate remains in the hands of such a klutz as Sulzberger. No doubt. It is time for local ownership to take back the Globe. Someone like Jack Welsh. That's the only way the Globe will survive. The concessions being called for today are just a band-aid on a self-inflicted gunshot wound.
Wednesday, October 17, 2007
Jack Welsh to Buy Boston Globe?
OK - if it is true that Morgan Stanley has just dumped its 7.3% stake in the New York Times Company then this could just start a chain of events that results in Jack Welsh owning not just the Boston Globe but also a piece of the Boston Red Sox. If Morgan Stanley dumped the stock then other institutional stockholders will be forced to follow suit. The New York Times Company may be forced into doing something drastic to raise the stock price. Something drastic like selling the Boston Globe to Jack Welsh.
This is not the first time I banged this drum. This is what I wrote last July:
OK - if it is true that Morgan Stanley has just dumped its 7.3% stake in the New York Times Company then this could just start a chain of events that results in Jack Welsh owning not just the Boston Globe but also a piece of the Boston Red Sox. If Morgan Stanley dumped the stock then other institutional stockholders will be forced to follow suit. The New York Times Company may be forced into doing something drastic to raise the stock price. Something drastic like selling the Boston Globe to Jack Welsh.
This is not the first time I banged this drum. This is what I wrote last July:
Here's something to keep in the back of your head - the conditions are becoming ripe for Jack Welsh (former CEO of GE) to purchase the Boston Globe.
Follow me here.
Last year Jack Welsh admitted that he was interested in purchasing the Boston Globe but at that time the New York Times Co. was not interested in selling. Circumstances may have changed.
Consider that we have just hit record highs in the stock market but the New York Times Co. stock continues to flounder. In fact just this week the bond rating for the New York Times Co. drop to just a BBB rating which is barely above the ratings for junk bonds. The folks at the NYT Co. may be forced into doing anything they can to raise their bond rating to prevent a massive sell-off and a free-fall in stock price. Selling the Boston Globe and some associated assets may be the only route to take.
Why would Jack Welsh want to buy the Globe though? I guess the reasons could be varied. He's retired and needs something to do. He used to be a golf nut but his health forced him to quit the game. His wife, Suzy Wetlaufer, is a former journalist who used to be a reporter for the Associated Press and also the former editor of the Harvard Business Review. The Boston Globe could be a project they could do together.
Welsh is a smart businessman and I wouldn't be surprised to see him also acquire the Boston.com site and the New York Times Co.'s partial ownership in the Boston Red Sox as part of any deal. Welsh is a big Red Sox fan - so this must add to the appeal of the deal to the retired former CEO.Also don't forget that turn-arounds are a Neutron Jack specialty. That challenge has to be very enticing.
Don't forget that part of the group Welsh would head includes Jack Connors the co-founder of the powerhouse Boston advertising firm Hill Holliday. Who better to fix the advertising and circulation problems that are plaguing the Globe than Welsh and Connors?
I for one hope this happens.
Saturday, July 14, 2007
Jack Welsh to Buy Boston Globe?
Here's something to keep in the back of your head - the conditions are becoming ripe for Jack Welsh (former CEO of GE) to purchase the Boston Globe.
Follow me here.
Last year Jack Welsh admitted that he was interested in purchasing the Boston Globe but at that time the New York Times Co. was not interested in selling. Circumstances may have changed.
Consider that we have just hit record highs in the stock market but the New York Times Co. stock continues to flounder. In fact just this week the bond rating for the New York Times Co. drop to just a BBB rating which is barely above the ratings for junk bonds. The folks at the NYT Co. may be forced into doing anything they can to raise their bond rating to prevent a massive sell-off and a free-fall in stock price. Selling the Boston Globe and some associated assets may be the only route to take.
Why would Jack Welsh want to buy the Globe though? I guess the reasons could be varied. He's retired and needs something to do. He used to be a golf nut but his health forced him to quit the game. His wife, Suzy Wetlaufer, is a former journalist who used to be a reporter for the Associated Press and also the former editor of the Harvard Business Review. The Boston Globe could be a project they could do together.
Welsh is a smart businessman and I wouldn't be surprised to see him also acquire the Boston.com site and the New York Times Co.'s partial ownership in the Boston Red Sox as part of any deal. Welsh is a big Red Sox fan - so this must add to the appeal of the deal to the retired former CEO.Also don't forget that turn-arounds are a Neutron Jack specialty. That challenge has to be very enticing.
Don't forget that part of the group Welsh would head includes Jack Connors the co-founder of the powerhouse Boston advertising firm Hill Holliday. Who better to fix the advertising and circulation problems that are plaguing the Globe than Welsh and Connors?
I for one hope this happens.
Here's something to keep in the back of your head - the conditions are becoming ripe for Jack Welsh (former CEO of GE) to purchase the Boston Globe.
Follow me here.
Last year Jack Welsh admitted that he was interested in purchasing the Boston Globe but at that time the New York Times Co. was not interested in selling. Circumstances may have changed.
Consider that we have just hit record highs in the stock market but the New York Times Co. stock continues to flounder. In fact just this week the bond rating for the New York Times Co. drop to just a BBB rating which is barely above the ratings for junk bonds. The folks at the NYT Co. may be forced into doing anything they can to raise their bond rating to prevent a massive sell-off and a free-fall in stock price. Selling the Boston Globe and some associated assets may be the only route to take.
Why would Jack Welsh want to buy the Globe though? I guess the reasons could be varied. He's retired and needs something to do. He used to be a golf nut but his health forced him to quit the game. His wife, Suzy Wetlaufer, is a former journalist who used to be a reporter for the Associated Press and also the former editor of the Harvard Business Review. The Boston Globe could be a project they could do together.
Welsh is a smart businessman and I wouldn't be surprised to see him also acquire the Boston.com site and the New York Times Co.'s partial ownership in the Boston Red Sox as part of any deal. Welsh is a big Red Sox fan - so this must add to the appeal of the deal to the retired former CEO.Also don't forget that turn-arounds are a Neutron Jack specialty. That challenge has to be very enticing.
Don't forget that part of the group Welsh would head includes Jack Connors the co-founder of the powerhouse Boston advertising firm Hill Holliday. Who better to fix the advertising and circulation problems that are plaguing the Globe than Welsh and Connors?
I for one hope this happens.
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