For east coast media watchers, that’s a big question today, the deadline for getting a bid in to the Boston Globe‘s NYT parent company.
Emily Steel, U.S. media and marketing correspondent for the Financial Times, shared a definitive rundown Wednesday of today’s likely bidders. Today, it’s the turn of Stacey Vanek Smith, a senior reporter for Marketplace Morning Report:
Bids for the Globe are expected to be in the $100 million range. The New York Times company paid more than a billion dollars for the publication 10 years ago.
Despite that hideous markdown, Tom Rosenstiel, the executive director of the American Press Institute, insists in the piece that the Globe is a good investment. And regardless of what happens, FishbowlNY is just thankful that former Dodgers owner Frank McCourt does not appear interested in becoming a media baron.
Previously on FishbowlNY:
Seven Buyers to Bid for Boston Globe
Mark Thompson ‘Very Pleased’ with Efforts to Sell Boston Globe
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