Businessman to offer more than $200 million for Boston Globe

Boston Globe
Aaron Kushner will make an formal offer within the next several weeks for the New England Media Group, the New York Times Co. division that includes the Boston Globe,, the Worcester Telegram & Gazette, and The Globe’s Casey Ross reports:

Kushner and his investors have been unwilling to divulge details on how he would change the newspaper’s business model, but some have said it generally involves expanding the marketing of the newspaper and developing new products to connect readers to advertisers. The goal would be to help the newspaper generate stronger revenues and allow it to expand its news gathering and content.

Kushner announced last October that he wanted to buy the Globe to “reverse the cycle and have it growing.” He’s backed by two members of the Taylor family, which owned and published the Globe for generations.
> Bercovici in Oct. 2010: What’s the Globe worth anyway? Try $120 million
> From 1993: Boston Globe is sold to New York Times Co. for $1.1 billion

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  • Anonymous

    While I respect someone from far outside the newspaper industry deciding to invest in the industry, it’s always someone from outside the industry who thinks they have a magic potion to reinvigorate the industry.

    The sad fact is, it’s a battered industry and the advertising just isn’t there anymore. If he decides to go all-digital, that’s a different animal, but that will mean shedding tons of staff because the reality is, the economics of digital won’t support a staff of 345 that Marty Baron has.