TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Who Will Buy the Boston Globe?

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.

Update - 06/27/13: The Globe reports that at least five bidders met the 5 p.m. ET deadline, including former Time Inc. chief executive Jack Griffin and former Globe president Rick Daniels.

Previously on FishbowlNY:
Seven Buyers to Bid for Boston Globe
Mark Thompson ‘Very Pleased’ with Efforts to Sell Boston Globe

 

Mediabistro Course

Personal Essay Writing: Master Class

Personal Essay Writing: Master ClassStarting October 21, work with the senior editor at Marie Claire magazine to polish and publish your essay! Whitney Joiner will help you to develop your voice, narrative, and identity, draft your pitch, and decide where to market your essay. Register now!