Boston Globe's future remains uncertain

Filed under: Deals, Rumors, Newspapers, Private equity, New York Times'A' (NYT)

The next step remains uncertain for what will go down in history as among the worst newspaper acquisitions.

On Friday, the deadline for submitting bids for the Boston Globe, which is owned by The New York Times Company (NYSE: NYT), passed. Two major contenders were expected to write figures on slips of paper and slide them across the proverbial desk: Platinum Equity, a Beverly Hills-based private equity firm and owner of the San Diego Union-Tribune, and Stephen E. Taylor, whose family sold the Globe in 1993.

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Boston Globe's future remains uncertain originally appeared on BloggingStocks on Sun, 11 Oct 2009 15:10:00 EST. Please see our terms for use of feeds.

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