3 Bidders for the Globe: Who Are They?
Evidently, newspapers still appeal to your average tycoon as a potential trophy holding.
The Boston Globe reported Friday that at least three potential buyers are interested in purchasing the struggling Beantown daily from its struggling owner, the New York Times(NYT Quote).
According to the report, all three are currently running due diligence on the Globe and/or lining up funds and/or "mulling bids." All, too, are Bostonians of long standing, a condition thought to be a requirement for anyone considering stepping in to, in effect, save the 137-year old newspaper, among the more storied daily publications in the U.S. (And all three, of course, have declined to comment on their interest.) ...
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