photo from masslive.com
The Boston Herald reported today that Celts co-owner and potential future MA senator Steve Pagliuca and his partner Jack Connors have withdrawn their bid to purchase the struggling Boston Globe, which is currently owned by the New York Times Co. With Pagliuca out of the mix, the Globe is down to two bidders according to the Herald‘s Hillary Chabot:
“Stephen Taylor, a member of the Boston family that sold out to the Times Co. in 1993 for $1.1 billion, represents one group. The other is Platinum Equity, a California investment firm that recently acquired the San Diego Union-Tribune.”
Pagliuca represented the most well known Globe suitor, and now that he’s out of the mix, the hope is that one of the two remaining ones will win the Times Co. over with their offers. I know things look bad for the Globe right now (apparently they lost $50 million last year and could lose $85 million in 2009), but imagine if they get even worse and the two remaining offers fall off of the table? You could be reading posts on Craigslist’s Missed Connections that go something like this:
DEAR POTENTIAL SUITORS,
WHERE HAVE YOU RUN OFF TO? I MISS WAKING UP IN YOUR ARMS EVERY MORNING AND HAVING YOU TELL ME EVERYTHING WILL BE OKAY. I FORGIVE YOU FOR LEAVING ME AT THE ALTAR. BUT FOOL ME ONCE, SHAME ON YOU…FOOL ME TWICE, AND I KIDNAP YOUR FAMILY. I’M JUST A GIRL THAT WANTS TO BE LOVED. LEAVE THE BID MONEY IN SOUTH STATION AND YOU GET TO HEAR THEIR VOICES AGAIN. DON’T MAKE ME DO SOMETHING I MIGHT LATER REGRET.
143. CALL ME BABE.
