Two Boston groups are emerging as potential buyers of The Boston Globe. They submitted preliminary bids in The New York Times auction of the paper.
Boston Celtics co-owner Stephen G. Pagliuca and Jack Connors, the chairman of Partners HealthCare propose having a nonprofit foundation help fund and run the news operation, with the goal of making enough money to support the Globe’s journalism but without the pressure to make large profits.
Stephen E. Taylor, a former Globe executive, is leading the other group. He is also a member of the family that sold the Globe to the Times Co. in 1993 for $1.1 billion.
The Globe reports that its parent company has yet to review the bids and decide who will be invited to the next round.