Wednesday, November 12, 2008

More on the coming print media meltdown

Interesting articles here and here about the coming cash crunch at the New York Times. It seems the Times just took a $166 million write-down on the value of its New England holdings - the Boston Globe, the Worcester Telegram & Gazette, and its 49% stake in the free Boston Metro. Add to that $400 million in debt coming due in six months (with only about $46 million in cash on hand), and you have a situation in which the Times must either completely draw down its lines of credit, or sell off its New England assets, or switch to Internet rather than print editions, or maybe all three. It's certainly white-knuckle time at the Gray Lady.


  1. Other meltdowns: ....Alex Ross notes (with links) about the various problems of opera companies in the U.S.

    I agree with you about the underrated de Burgos, by the way: in addition to the most sexual 'Carmen' I know (with Grace Bumbry and Jon Vickers), his EMI/Angel recordings included a Pines/Fountains of Rome (which EMI didn't reissue on CD, but is on a label called 'Unesco Classics') that beats by a mile all the other versions I know ...including Toscanini's. (FDB's version is more about atmosphere than excitement.) If you find the LP, it also includes a hell-for-leather performance of Stravinsky's "Fireworks."

  2. I've never heard Fireworks, but I have to say FDB's Rite of Spring was the most powerful I've ever heard (and totally eclipsed Levine's later BSO edition).