Howie Carr: There’s A Sucker Born Every Minute

From Howie Carr writing in the crosstown Boston Herald: 

Howie Carr

That’s the first thought that comes to mind about John Henry’s purchase of The Boston Globe and other assorted media dinosaurs for $70 million in cash. In other words, as someone noted yesterday, John Henry’s 164-foot yacht may well be worth more than his crumbling newspaper empire. 

Another old saying seems equally appropriate for the occasion: A fool and his money are soon parted. 

Do the math. The New York Times spent a combined 
$1.4 billion to buy the Globe and the Worcester Telegram, and now Pinch Sulzberger walks away with a nickel on the dollar, minus pension obligations. 

The Globe’s rumpswabs are surely in a dither. So many new rear-ends to kiss, as Alexander Cockburn once said when his newspaper changed hands. Don’t worry though — they don’t call them bow-tied bumkissers for nothing. 

As you assume the helm of the Titanic, Mr. Henry, remember how far astray the Globe has wandered these last few decades. Despite what all those assorted drifters tell you in the boardroom, here are a few things you ought to know:

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