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Globe: 3 Possible Buyers Of Newspaper Emerge

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Jun 12, 2009 8:08 am US/Eastern

Globe: 3 Possible Buyers Of Newspaper Emerge

BOSTON (WBZ) ―

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The Boston Globe is reporting that three area businessmen, including a member of the family that used to own the newspaper, have emerged as possible buyers.

The paper, citing people knowledgable of the situation who wished to remain anonymous, reports Friday that the three people 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 city advertising firm and chairman of Partners HealthCare;
Stephen Taylor, a former Globe executive and member of the family that sold the 137-year-old paper to the New York Times Co. in 1993 for $1.1 billion.

All three potential bidders declined to comment about their interest. Globe and Times Co. spokespeople also declined comment.

Earlier this week the Times hired Goldman Sachs to shop for a buyer for the Globe.

On Monday, the Globe's largest union rejected a demand it hand over $10 million in concessions to the Globe's parent company. The New York Times responded by cutting union pay by 23 percent effective next week.