- Cape teacher accused of assaulting student at football game (10/23/16)30
- Pedestrian killed during traffic collision on I-55 (10/23/16)7
- Scott County Sheriff Rick Walter faces challenge from criminal investigator Wes Drury (10/21/16)8
- Shooting injures two people in Cape early Tuesday (10/19/16)34
- 18-year-old killed in one-car crash Thursday morning (10/21/16)1
- Man arrested after dispute at school spurs brief lockdown (10/21/16)6
- 'I feel for them' (10/20/16)1
- Perry County: A great place to find home away from home (10/14/16)
- Hundreds turn out for VintageNOW fundraiser (10/23/16)3
- Crews are working on the new Drury Hotel (10/21/16)4
Report: Initial bids due to buy Boston Globe
BOSTON -- A deadline is approaching for the possible sale of The Boston Globe.
The New York Times Co., which owns the Globe, has set a Wednesday deadline for initial, nonbinding bids. That's according to a confidential letter sent by Goldman Sachs to potential buyers. The letter was obtained by the New York Times.
The letter says after the initial bids, the company will decide which potential buyers will participate in a second round of bidding.
Potential buyers could include Boston Celtics co-owner Stephen Pagliuca, Partners HealthCare chairman Jack Connors and Stephen Taylor, a former Globe executive whose family sold the newspaper to the Times Co. in 1993.
The Times Co. has said the Globe had $50 million in operating losses in 2008.