Saturday, June 27, 2009

Auctioning Off the Boston Globe

Do I hear a bid for two bits?

Anybody?

"He would not buy a newspaper right now 'at any price'"

Can't even GIVE THEM AWAY!


:-)

"Times Co. sets deadline of July 8 for Globe bids; Company wants a deal that includes Telegram & Gazette, pension liabilities" by Beth Healy and Robert Weisman, Globe Staff | June 27, 2009

Goldman Sachs
, a Wall Street leader in mergers and acquisitions, wants to maximize the number of bidders and run an auction.... The Globe continues to face financial challenges from the recession and the migration of advertisers and readers to the Internet.

--more--"

Related:
The Boston Globe Admits Iraq Lies Killed It