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Revolving Door Newsletter: 07.31.09
Bids Emerge For Boston Globe; Rodale CEO Steps DownJuly 31, 2009
Potential buyers make their bids on the Boston Globe: Two local groups -- one led by former Globe executive Stephen E. Taylor and the other featuring the Boston Celtics co-owners at the helm -- submitted preliminary bids for the newspaper to meet The New York Times Co.'s Thursday deadline. Mort Zuckerman, publisher of the New York Daily News, may also have entered a proposal. Assuming ownership of the Globe for a dollar would mean the winning bidder actually takes on almost $100 million in debt...