Initial bids due to buy The Boston Globe

Published: Sunday, July 5, 2009 11:34 a.m. MDT
 |  E-MAIL | PRINT | FONT + - 

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

You can be the first to comment on this story.

previousnext

Latest comments

Nothing proposed would keep young adults from learning of the reality of sex,...

Utes pound winless Lobos

the only "decent" team we played we lost to? I guess that Air Force isn't a...

I am watching the game again, and it is awesome!!!

Utes pound winless Lobos

I can't help but laugh inside when I read comments from YBU/TCU fans who...

(from the independant) I like Dennis Miller.... and Bill Maher, although I...

As a BYU alumnus, I can't justify to myself ever donating another dollar to...

Not a chance. Don't get me wrong they are both studs, but if Asiata wasn't...

Titan Fan, sorry that some of your best players got hurt. I hope they...

Utahns in House oppose reform bill

So sad how fear based so many are.

Will the Jazz even make the playoffs this year. The way they are playing it...

Advertisements
Advertisement