As I wrote yesterday, all sorts of possible buyers of the Boston Globe would surface now that Jack Welch, Jack Connors and company had made their interest known. Well, check this out from today’s Wall Street Journal:
Other potential buyers have been sniffing around the Globe this year as its financial troubles have mounted….
Ben Taylor, the former Globe publisher whose family sold the Globe to the New York Times, has long been unhappy with the performance of the business and has talked about wanting to buy it back, according to a person close to the situation. Mr. Taylor didn’t return a call for comment.
Private equity firms such as Providence Equity Partners, Bain Capital and Blackstone Group have been eyeing the paper as a possible target, although it is unclear if they have reached out to the Taylors, according to a private equity executive.
The Globe today publishes a correction — in fact, the New York Times Co. has not denied that it would sell the Globe. Instead, the company has said nothing one way or the other.
Meanwhile, the Times itself reports that Welch has talked with Boston Herald publisher Pat Purcell about being a possible partner in the Globe deal.
This is going to get very interesting.