June 12, 2009
Boston businessmen eyeing Globe purchase
Three businessmen in Boston are actively considering putting in bids to purchase the Boston Globe, sources knowledgeable about the possible sale say.
The anonymous sources said the three individuals contemplating a purchase of the newspaper include Boston Celtics co-owner Stephen Pagliuca, Partners HealthCare Chairman Jack Connors and former Globe executive Stephen Taylor, the newspaper reported Friday.
The sources said the businessmen are each attempting to assemble possible investors for a bid on the Globe while also reviewing the newspaper's finances.
The Globe said none of the businessmen would comment on talk of a possible Globe bid, but Taylor expressed optimism regarding the newspaper's future.
Like a lot of other readers and concerned citizens of Boston, I have high hopes for the future of the Globe, said Taylor, whose family sold the Globe to the New York Times Co. in 1993.
I wish them well and have no comment on a possible acquisition.