From Boston.com:
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, Boston.com, the Worcester Telegram & Gazette, and Telegram.com., said this person, who requested anonymity because the bid is not yet public.