Initial bids due to buy The Boston Globe
BOSTON — A deadline is approaching for the possible sale of The Boston Globe.
The New York Times Co., which owns the Globe, has set a Wednesday deadline for initial, nonbinding bids. That's according to a confidential letter sent by Goldman Sachs to potential buyers. The letter was obtained by the New York Times.
The letter says after the initial bids, the company will decide which potential buyers will participate in a second round of bidding.
Potential buyers could include Boston Celtics co-owner Stephen Pagliuca, Partners HealthCare chairman Jack Connors and Stephen Taylor, a former Globe executive whose family sold the newspaper to the Times Co. in 1993.
The Times Co. has said the Globe had $50 million in operating losses in 2008.
Comments
- Tough road ahead in Senate for bill 11:05 a.m.
- Afghan vows to keep out corruption 10:35 a.m.
- Anti-Taliban mayor killed in Pakistan 10:27 a.m.
- Dalai Lama visits town near Tibet 10:26 a.m.
- Some saw trouble ahead for Hasan 10:21 a.m.
- China pledges funds, aid to Africa 10:20 a.m.
- 40 dead in El Salvador flooding 10:19 a.m.
- Dixie campus briefs 1:10 a.m.
- Westminster campus briefs 1:09 a.m.
- UVU campus briefs 1:07 a.m.
- Gay advocates trek to LDS office
207 - Dirk does dirty work in Dallas190
- Lobo suspended173
- Cougars crush hapless Cowboys138
- House passes health care bill136
- Speed has never been BYU's game136
- RSL rallies to advance102
- Thousands protest health bill100
- Provo company innovating engines98
- BYU cuts Women's Research Institute87
Latest comments
Come down nonbelievers the games just started. The veterans were good and...
I Kevin wants to overpay someone...........it should be someone that is good!
Obviously Bronco nation will be pulling for the Utes! Utes must win big,...
This editorial was all over the place. Are immigrant children worse off or...
...are messing up our chemistry!
I love that Rowland Hall does service tied to the science curriculum! They...
Utah= 4 worst teams in the West!
This team will be lucky to be over 500 . Poor defense. Poor shooting. Poor...
Except for the notion that we are rushing health reform, I agree with John...
Illegal aliens make up less than 4% of the US population. I don't think they...
You can be the first to comment on this story.