Sustainability

Boston Globe’s new owner, John W. Henry: “Now I see The Boston Globe and all that it represents as another great Boston institution that is worth fighting for. There isn’t a clear financial model for the news business in the future. Thus, some people have expressed puzzlement about this investment because they expect that the purchase of a business is based on the pursuit of profit. But this investment isn’t about profit at all. It’s about sustainability. Any great paper, the Globe included, must generate enough revenue to support its vital mission.

“Put another way, the future of vibrant journalism — trustworthy news coverage, informed opinion, and fearless accountability reporting — is dependent on solving tough financial issues. This is a bit of an irony, because I haven’t met anyone in the business whose main reason for being there is to make money.”