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."
"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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