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February 14, 2007 / Toby Dayton

Free Dailies Continue To Gain Momentum

Later this summer, there will be a second free daily newspaper in Boston. Russell Pergament, who started Metro Boston 6 years ago (which is owned by Metro International and the New York Times) and AM New York, indicated that he will start publishing a second freesheet called Boston Now. The venture is being financed by Dagsbrun, an Icelandic media company that intends to start free dailies in 8-10 U.S. cities. The announcement comes just a week after the $814 million write-down by the New York Times for its New England papers which include the Boston Globe. In that write-down, the Times stated that the Boston Globe and the Worcester Telegram & Gazette are worth only 40% of the $1.4 billion they paid for them.

[tags]Daily Newspapers, Death of Dailies, Free Dailies, Media In Europe, AM New York, Metro Boston, Russell Pergament, New York Times, Boston Globe, Decline of U.S. Newspapers[/tags]

One Comment

  1. Gunnar / Feb 14 2007 12:00 pm

    The bost on globe is worth less because mike barnicle left
    http://www.google.com/search?hl=en&q=mike+barnicle+plagiarism

    at least they still have dan shaughnessy and gordon edes who are both better than anyone who writes about baseball in the nyt
    http://www.boston.com/sports/baseball/redsox/

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