Friday, June 12, 2009

3 Boston businessmen interested in Globe


Three Boston businessmen - a Boston Celtics owner, a former advertising mogul, and a member of the family that ran the Globe for generations - have emerged as prominent potential buyers of the Globe, according to people knowledgeable about their interest in the city's leading daily.

Actively mulling bids for the newspaper, according to these people, are Stephen Pagliuca, a private equity executive and Celtics co-owner; Jack Connors, cofounder of a major advertising firm and chairman of Partners HealthCare; and Stephen Taylor, a former Globe executive and member of the family that sold the Globe to the New York Times Co. in 1993.

The sources, who requested anonymity because they are not authorized to comment on the potential bids, said the three businessmen are in various stages of reviewing the Globe's finances and assembling investors who could be part of their groups.

But whether these men will actually make formal bids on the newspaper is not known. Decisions may be delayed until the standoff between the Times Co. and the Boston Newspaper Guild, the Globe's largest union, has ended, according to the sources with knowledge of the bidding process. And at least one of the three interested parties, Jack Connors, is still weighing whether he will proceed, according to one source knowledgeable about his thinking.

Click on the headline to read the full story on Boston.com

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