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Globe says buyers bid for newspaper

August 01, 2009 12:00 am • Last Updated: August 01, 2009 1:20 am

By Day Staff

The Boston Globe says two Boston groups have submitted preliminary bids to buy the newspaper.

Citing unnamed people, the Globe reported Friday the bids were submitted Thursday, meeting a deadline set by its owner, The New York Times Co.

According to the Globe, one of the offers comes from a group led by Boston Celtics co-owner Stephen Pagliuca and former advertising mogul Jack Connors. The other is headed by Stephen Taylor, a former Globe executive and member of the family that sold the Globe to the Times for $1.1 billion in 1993. The Globe lost $50 million in 2008.

- Associated Press

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