2 Groups Bidding for 'Boston Globe' Will Get Tour in September

By: Two of the three groups bidding to buy The Boston Globe have been invited to a series of meetings at the newspaper in early September.

The paper, citing anonymous sources familiar with the process, reported Friday that a group led by Stephen Taylor, a member of the family that sold The Globe to New York Times Co. in 1993 for $1.1 billion, is planning to visit around Labor Day.

The other invited group is Platinum Equity, a Beverly Hills, Calif., investment firm that purchased The San Diego Union-Tribune.

The Taylor group and Platinum submitted bids last month of about $35 million, plus the assumption of $59 million of pension liabilities for the Globe and the Worcester Telegram & Gazette, The Globe reported.

A Times Co. spokeswoman decline to comment.


No comments on this item Please log in to comment by clicking here