We haven’t yet heard about John Henry’s plans for The Boston Globe, though we know he provided hundreds of millions of dollars of runway in order to resuscitate the Red Sox franchise. Out of the box, more runway: investment in editorial expansion. Just this week, Politico owner Robert Allbritton, who provided plenty of runway for that startup to build scale, bought Capital New York. It’s a multi-million dollar, long-term investment in the business. None of our other recent buyers have talked publicly and specifically about offering “runway.” Yet that’s what Aaron Kushner is providing in Orange County, and now with his new Long Beach foray. More lengthof runway, simply meaning more time to get the Post set in the right direction? More width of runway, meaning more room for more products and business models to be tested to find the best way forward? To stretch further: Are we talking landing or take-off? We’ll have to stretch the metaphor to think about what it may mean. “Runway” was one of the benefits he recently said his purchase of The Washington Post would give the institution - “runway” as in financial room.
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