Another bump for Stephen Taylor

Boston Herald business reporter Jay Fitzgerald talks with newspaper-industry analysts who say a group headed by Stephen Taylor — a member of the family who sold the Boston Globe to the New York Times Co. in 1993 — may be emerging as the leading candidate to buy the Globe from the Times Co.

That would fit with the Globe’s own recent reporting, which identified the Taylor group and a California-based real-estate investment company, Platinum Equity, as serious contenders. All things being equal, Times Co. chairman Arthur Sulzberger Jr. would presumably rather sell to a newspaper guy than to an out-of-state company that may be more interested in the property than the news.

2 thoughts on “Another bump for Stephen Taylor

  1. Al

    If the report is true, I have to agree. I would much rather have an owner with a known history in the newspaper publishing business, than someone whose only history is as an investor looking to build a newspaper company by buying up distressed properties for 10 cents on the dollar. That seems to be a big reason how we got into this position in the first place, except the dollars are much lower, now.

  2. io saturnalia!

    Wasn’t that sort of overly optimistic presumption mentioned in the last sentence of your post the sort of thing that led the Globe to being, essentially, bent over the sink, while foreign bureaus and compensation at the Times stayed intact?

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