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
- Gov't delays Web gambling ban 12:54 p.m.
- Body recovery to be discussed 12:36 p.m.
- Final hurdle coming for TCU 12:33 p.m.
- Big-name coaches looking for jobs 12:33 p.m.
- 15 first-timers on Hall ballot 12:31 p.m.
- Djokovic beats Nadal at ATP Finals 12:28 p.m.
- Miss. teen follows mission 12:17 p.m.
- Kennedy center seeking teachers 12:17 p.m.
- Guatemalan Mormons serve children 12:16 p.m.
- Study looks at braces for scoliosis 11:49 a.m.
- BYU would like friendlier rivalry
262 - Protests against Phoenix LDS temple
211 - RSL wins MLS Cup on penalty kicks
202 - Bronco, Kyle rubber match
139 - Thunder rolls by Jazz
136 - Letters: Rushing to judge Palin
133 - Boys basketball rankings
121 - Editorial: Poor welcome for Palin
112 - Man trapped in Nutty Putty cave dies
104 - Hall, Johnson matchup key
102
If you're shopping online for gifts, take care. While there are some...
Here are a few more stats for you. Utah's losses were to two top 10 ranked...
Yes, Uth is the state with the second highest rate of immigrants and no one...
Come on JEFF!! Do us some justice and give us a real review. Don't let the...
Good advice from someone who knows.
Two kids playing in a sandbox. Which one is the Utah Fan??? The one...playing...
What a guys not allowed to golf during the off season!
And yet Utah still has poverty, homelessness, and hunger. Utahns still...
Korver's knee didn't bother him in the off season. It didn't flare up until...
You have 23,000 scientist who believe in climate change. We have Fox News who...
Boozer only played good because he wants to play for the Chicago Bulls, hence...


You can be the first to comment on this story.