Huffpost Media

Boston Globe Sale: Two Bidders Visit Newspaper

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BOSTON — Two groups with an interest in buying The Boston Globe have reportedly toured the newspaper's headquarters in the past week, while a bid from a third group is looking less likely.

The newspaper, citing unnamed sources familiar with negotiations, reported Tuesday that a group headed by Stephen Taylor, a member of the family that sold the newspaper for $1.1 billion to The New York Times Co., and a second group led by private equity investment firm Platinum Equity of Beverly Hills, Calif., met with Globe executives.

The newspaper says the groups have each offered about $35 million for the Globe and the Worcester Telegram & Gazette.

The Globe says a group led by former advertising executive Jack Connors and Boston Celtics co-owner Stephen Pagliuca may drop out of the bidding.