Found October 14, 2009 on Batter-up with Bruno: Yardbarker Blogger Network
After months of speculation and rumors flying around on possible bidders to buy The Boston Globe, the New York Times Company announced that it is not selling it.The reason behind this is that the "paper's financial performance has 'significantly improved' in recent months."So maybe those desperate one minute and 30 second commercials that aired during every Boston Red Sox telecast on NESN worked? I hardly doubt that, but either that or the cuts and increase in prices worked.But here is a very interesting sentence written by Beth Healy of the Globe staff:"Times Co. executives had said they may not sell the Globe -- and the swift decision to take the paper off the market less than a week after bids were due -- may reflect that the offers were too low."What? Really?Honestly, now is not the best time to buy a newspaper and that's just the way it is and it'd be interesting to find out exactly what those bids were.It's almost kind of hard to bel...
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