Who Will Buy the Boston Globe?


By Richard Horgan Comment

For east coast media watchers, that’s a big question today, the deadline for getting a bid in to the Boston Globe‘s NYT parent company.

Emily Steel, U.S. media and marketing correspondent for the Financial Times, shared a definitive rundown Wednesday of today’s likely bidders. Today, it’s the turn of Stacey Vanek Smith, a senior reporter for Marketplace Morning Report:

Bids for the Globe are expected to be in the $100 million range. The New York Times company paid more than a billion dollars for the publication 10 years ago.

Despite that hideous markdown, Tom Rosenstiel, the executive director of the American Press Institute, insists in the piece that the Globe is a good investment. And regardless of what happens, FishbowlNY is just thankful that former Dodgers owner Frank McCourt does not appear interested in becoming a media baron.

Update – 06/27/13: The Globe reports that at least five bidders met the 5 p.m. ET deadline, including former Time Inc. chief executive Jack Griffin and former Globe president Rick Daniels.

Previously on FishbowlNY:
Seven Buyers to Bid for Boston Globe
Mark Thompson ‘Very Pleased’ with Efforts to Sell Boston Globe