Potential Buyers Emerge for Boston Globe | Adweek Potential Buyers Emerge for Boston Globe | Adweek
Advertisement

Potential Buyers Emerge for Boston Globe

Advertisement

The Boston Globe reports that three area businessmen, including a member of the family that once owned the newspaper, have emerged as possible buyers.

The paper reported Friday that those who have expressed interest are Stephen Pagliuca, a private equity executive and co-owner of the NBA's Boston Celtics; Jack Connors, cofounder of a Boston advertising firm and chairman of Partners HealthCare; and Stephen Taylor, a former Globe executive whose family sold the paper to the New York Times Co. in 1993 for $1.1 billion.

The newspaper cites people knowledgable of the situation but who wish to remain anonymous.

The Globe report says the three potential bidders declined to comment about their interest as did people with the newspaper and Times Co.

UPDATE from the Globe's Boston.com follows.
*
The parent union of the Boston Newspaper Guild is getting involved in the bitter contract dispute between its local and The New York Times Co., the owner of The Boston Globe.

Bernard J. Lunzer, the president of The Newspaper Guild, the international union based in Washington, said he will attend a meeting scheduled Monday between local union leaders and Globe management. Lunzer recently told the trade publication Editor & Publisher that "mistakes were made" in negotiations that led earlier this week to the rejection of a $10 million package of concessions and management's subsequent move to declare an impasse in negotiations and impose a 23 percent wage cut, starting Sunday. The local Guild has since filed an unfair labor practice charge against Globe management.

Lunzer would not comment further on the remarks. He said he was coming to Boston to help find a solution to the standoff. "We should be problem solving," he said.