Friday, January 21, 2011

Taking the Globe for a Spin

DORCHESTER, MA - MAY 4:  A man walks by the fr...Image by Getty Images via @daylifeA 37-year-old Internet mogul and greeting card magnate is readying a bid over the next couple of months to present to The New York Times to purchase The Boston Globe, according to a Globe story today.

Aaron Kushner of Wellesley, Mass., has the backing of 64-year-old Benjamin Taylor, former Globe publisher, and his cousin, Stephen Taylor, 59, a former executive vice-president at the Globe, for the venture. The Taylor family sold the Globe to the Times in 1993 for $1.1 billion.  Benjamin & Stephen Taylor were unsuccessful in their 2009 bid to reacquire New England's largest daily.

Kushner's venture, dubbed 2100 Trust, is looking to build sufficient capital to purchase the New England Media Group, which includes the Globe, The Worcester Telegram & Gazette, and from the Times.  No word from the Times about whether the Globe is for sale. Any deal would not include the Times divesting its 17 percent ownership interest in the Boston Red Sox and its sports affiliated properties, according to the Globe story.

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1 comment:

  1. Internet AND greeting cards? There's a man with a foot in both centuries. .Just the person to buy a newspaper.