RE: WJUL being taken oven by Lowell Sun ??

[Aaron Read <aread@speakeasy.net>]

At 06:21 PM 7/31/2003, Garrett Wollman wrote:
><<On Thu, 31 Jul 2003 18:16:08 -0400, Aaron Read <aread@speakeasy.net> said:
>
> > BTW, people have asked how the Sun can make money on this deal.
> > [...]  The money is there for the taking.
>
>But the Sun can't touch it, unless they want to spend a lot of time
>talking to Tom Reilly.  Mass. has very strict state oversight of
>charities.
>-GAWollman

If the fundraising is unambiguous that the funds are supporting both WJUL 
and the Sun's non-profit, I don't see how that would trigger oversight from 
the AG.  And the non-profit no doubt can absorb a LOT of the infrastructure 
costs the for-profit Sun currently does.

Even so, if nothing else this gives the Sun a big honking platform to hawk 
their paper from, and allows some serious leverage in selling advertising 
in the paper as well.   I don't think they'd do it unless they were pretty 
sure they'd be able to get a real monetary value from it in short order.


--------------------------------------------------------------------------------------------
Aaron "Bishop" Read             aread@speakeasy.net
FriedBagels Consulting          AOL-IM: readaaron
http://www.friedbagels.com      Boston, MA