The New York Times Co. has hired investment bank Goldman Sachs Group Inc. to shop around the Boston Globe, the Boston daily newspaper reported Wednesday, citing two potential bidders. Times Co. plans to solicit bids for the Globe in the next couple of weeks, according to the story. The Globe's largest union earlier this week voted to reject pay and benefits cuts proposed by company management, triggering speculation the 137-year-old newspaper may be closed.
Wednesday, 10 June 2009
Boston Globe For Sale
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