SULZBERGER SLAMMED AS PROFITS DROP 39%Kennedy might want to rethink his stance. If the Boston Globe ever regained its footing and brought journalism back to the once-proud Boston daily, the people of Massachusetts might finally get the news that their venerated and adored senior senator was guilty of voluntary manslaughter (but never served a day in prison) oh so many years ago.
By Paul Tharp, The New York Post
October 20, 2006 -- The New York Times Co. reeled yesterday from a 39 percent drop in profits as it came under a surprise attack from liberal politicians for gutting and damaging its sister Boston Globe.
The profits bomb came as Sulzberger got scolded yesterday by a group of prominent politicians and business leaders in Boston, led by Sen. Edward Kennedy (D-Mass.), claiming Sulzberger and his team have committed a "terrible shame" by gutting the paper since acquiring it in 1993.
In a letter to [CEO Arthur] Sulzberger, Kennedy and others said "a troubling pattern of disinvestment, downsizing, outsourcing and cost cutting has emerged" to damage the fabled paper.
"A shrinking news hole and the elimination of bureaus have stung the morale of employees facing in creased health care costs and wage freezes." (link)
I don't think you want that news getting out. Teddy.