Tim Porter reports that in the 11 years since The New York Times bet one-third of its annual revenue to buy the Boston Globe, the U.S. news media landscape has been so irrevocably altered that the company is now investing in the competition -- a three-and-a-half year old free Boston tabloid.
Also: The publisher of crosstown rival Boston Herald objects, citing "Justice Department standards."
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"Justice Department standards"? Aren't we talking about FCC standards? Oh that's right, the FCC seems to be in favor of this sort of local monopoly. -- Randall Peters
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