The Morning Report
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The Boston Herald speculates today on the future of the Boston Globe, which is up for sale and being considered for purchase by Platinum Equity, the Union-Tribune’s new owner.
The Herald suggests that The New York Times, which owns the Globe, may favor Stephen Taylor, a local buyer, over Beverly Hills-based Platinum Equity if they both bid the same amount for the Boston metro daily:
If both Taylor’s group and Platinum end up bidding approximately the same amount of money – about $35 million plus nearly $60 million in pension liabilities – then Taylor may well get the nod to take over the Globe, if only because the Times has indicated it wants to leave the Globe in trusted hands. The Times purchased the Globe from the Taylor family in 1993 for $1.1 billion.