Romenesko

Boston.com
Jack Welch discussed the Globe on this morning's "Today" show.
Matt Lauer: "Newspaper sales are down 2.8%, the end of September, according to the latest study, and yet the word out on the street is that Jack Welch wants to buy the Boston Globe. Isn't that like buying an Edsel factory right now?"
Welch: "It's one way of looking at it, but we don’t see it that way. We see all kinds of opportunity. But look, we're in the very early stages. Matt, if we were going to buy a factory at that price, we wouldn't have all this ink. If you fool around in the media, the ink gets (exposed)."