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Home > Globe up for sale - again

Globe up for sale - again

By adamg [1] - 2/20/13 - 4:29 pm

Bloomberg News reports [2] the Gray Lady has hired an investment firm [3] to find a buyer for its New England unit, which also includes the Worcester Telegram and Gazette. The Times paid $1.1 billion for the papers in 1993 - about $1.7 billion in today's money.

Times press release [4].

Some insta-reaction via Twitter (also see: #WhenIBuyTheGlobe [5]):

Times puts Globe up for sale - again

Storified by Adam Gaffin [7]· Wed, Feb 20 2013 13:13:29

BREAKING: New York Times Company said to put Boston Globe up for saleBloomberg News
More: New York Times Company said to be working with Evercore Partners as adviser for a possible sale: sourcesBloomberg News
@HeyRatty @universalhub @gintautasd @dankennedy_nu @reillyadam Will http://Boston.com [8] & Globe eventually be separately owned?John A Keith
Reminder: Last time there was serious talk of a Boston Globe sale, Bain's Steve Pagliuca tried to buy it.danprimack
Moar cat stories plz RT @HeyRatty: BREAKING: I plan to buy the Boston Globe and *triple* size of G section #Boston #TRENDS #TRENDS #TRENDSGintautas Dumcius
Can we start a @Kickstarter campaign to buy the Boston Globe? http://ow.ly/hTEbsPatrick [9] Doyle
2009: Boston Globe for Sale2010: Group Seeking to Buy Boston Globe2011: Times Says Globe Not for Sale2012: It’s Tough to Sell the GlobeChoire Sicha
Bloomberg reports the Boston Globe is for sale. http://bloom.bg/135bFRb [10] But it's been on the market for a while. Must be close to a deal.Jon Chesto
The Boston Globe is for sale ... I am lining up a team of investors as we speak. Who's in?Sam Obar
In email to staff, @nytimes announces plan to sell New England Media Group, which includes The Boston Globe.Nick Corasaniti
RT @JustinNXT BREAKING: New York Times is said to want to break up with long distance girlfriend from Southie.Katie Zezima
Sale of Globe would let Times expand coverage of Brooklyn hipsters moving to suburbsAdam Gaffin
Breaking: Sean Bielat will NOT offer to buy the Boston Globe.Conor Yunits
What's the timetable on when the "Ben Affleck interested in buying Boston Globe" rumors begin?Justin Ellis
Does anyone want us? Anyone? RT @GlobeKPD: Report: NY Times seeks to sell Boston Globe. Again.Amalie Benjamin
All joking aside, hope Boston Globe finds a great buyer who's willing to invest $ in the newsroom.Patrick Doyle
The New York Times' actual "for sale" ad for the Boston Globe http://twitpic.com/c5fkunVeronica [11] De Souza
In 2010, Wellesley businessman Aaron Kushner tried to buy the Boston Globe. He was rebuffed. Instead, he bought the Orange County Register.Yoni Appelbaum
At right price, Bloomberg, Murdoch, many others. RT ‏@hblodget @mattyglesias: Boston Globe’s for sale, but does anyone want to buy it?John Cassidy
New England Media Group properties for sale: The Boston Globe, Worcester Telegram & Gazette. direct mail marketing company GlobeDirect.Bloomberg News

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Source URL: http://www.universalhub.com/2013/report-globe-sale

Links:
[1] http://www.universalhub.com/users/adamg
[2] http://www.bloomberg.com/news/2013-02-20/new-york-times-co-said-to-put-boston-globe-up-for-sale.html
[3] http://www.evercore.com/
[4] http://phx.corporate-ir.net/phoenix.zhtml?c=105317&p=irol-newsArticle&ID=1787064&highlight=
[5] https://twitter.com/search?q=%23WhenIBuyTheGlobe&src=hash
[6] http://www.universalhub.com/storify.com/universalhub/times-puts-globe-up-for-sale-again
[7] http://storify.com/universalhub
[8] http://Boston.com
[9] http://ow.ly/hTEbsPatrick
[10] http://bloom.bg/135bFRb
[11] http://twitpic.com/c5fkunVeronica
[12] http://www.universalhub.com/taxonomy/term/24
[13] http://www.universalhub.com/media.html
[14] http://www.universalhub.com/taxonomy/term/148