Sunday, May 1, 2011

New York Times Co. to unload the Boston Globe ...


A Wellesley businessman is preparing to offer more than $200 million to buy The Boston Globe from its longtime owner, The New York Times Co., according to a person briefed on the plan.

Aaron Kushner, an entrepreneur who has spent months researching the media business and soliciting funds from local executives, will make a formal offer within the next several weeks for the New England Media Group, the Times Co. division that includes the Globe,, the Worcester Telegram & Gazette, and, said this person, who requested anonymity because the bid is not yet public.