Investors to Make Offer on The Boston Globe

By Robert Gavin, Globe Staff

A group of more than a dozen investors and management specialists will offer to buy The Boston Globe from its long-time owner, The New York Times Co., the leader of the group said.

Aaron Kushner, an entrepreneur who owns Marian Heath Greeting Cards Inc. in Wareham, said his group, called 2100 Trust, will soon make an offer to the Times Co. He declined to disclose the potential price, but said the investors expect to raise enough money to make it attractive to the Times Co. and invest significantly in New England's largest newspaper, starting with the newsroom.

"We are putting together the business model of taking what is an important community organization and reverse the cycle and have it growing," Kushner, 37, of Wellesley, said an interview. "If the Globe was achieving even half its potential, it would be of much greater import and impact."

The newly-formed group wants to purchase the New England Media Group unit, which includes the Globe, Boston.com, and the Worcester Telegram & Gazette.

Last year the Times Co. had put the Globe up for sale but pulled it off the market, saying that the paper's financial conditions had improved.

Times Co. spokeswoman Abbe Serphos said today, "We do not comment on rumors of acquisitions or divestitures. The Boston Globe is an important part of The New York Times Company. The Globe has made excellent progress and is on solid financial footing. Its continued digital and print progress signals a strong future."

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