the plot: Jason Philip Macendale, the latest man to wear the garb of the Hobgoblin, stands trial and reveals publically for the first time, that Daily Bugle reporter Ned Leeds was the Hobgoblin. Betty Leeds, Ned's widow tries to come to grips with the public revealing of this, while Peter and Mary Jane Parker do some research that determines that Ned couldn't have been the original Hobgoblin. But just who is the first Hobgoblin then? Spider-Man had better find out soon, because he just murdered Macendale and is back on the scene!

continued in Spider-Man: Hobgoblin Lives #2

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