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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

    at least they still have dan shaughnessy and gordon edes who are both better than anyone who writes about baseball in the nyt

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