Investor group will bid for Boston Globe: newspaper

BOSTON (BestGrowthStock) – A Massachusetts businessman said he is leading an investment group that will offer to buy the Boston Globe from New York Times Co, the Boston newspaper reported on its website on Wednesday.

The report cited entrepreneur Aaron Kushner of Wellesley, Massachusetts, as saying his group planned to soon make the offer. He declined to say how much the group is willing to pay for the newspaper, according to the report.

New York Times spokesman Robert Christie declined to comment on the potential offer, but said that the New England paper’s finances are improving.

“The Boston Globe is an important part of The New York Times Company. The Globe has made excellent progress and is on solid financial footing,” he said in a statement. “Its continued digital and print progress signals a strong future.”

(Reporting by Jim Finkle and Jennifer Saba; editing by Andre Grenon)

Investor group will bid for Boston Globe: newspaper