ARE YOU NEW HERE? NOT LOGGED IN? PLEASE TAKE A MOMENT TO REGISTER FOR AN ACCOUNT AND LOGIN TO REMOVE THIS WINDOW
Welcome to PatsFans.com. Do you have an account? If not - please take a moment to register for our forum and experience a much smoother experience with fewer ads, along with no longer having to see this notification window. Also learn about how you can receive a free Patriots T-Shirt from the Patriots Official ProShop by CLICKING HERE. Please enjoy your stay here, and Go Pats!
CHICAGO (MarketWatch) -- Former General Electric Chief Executive Jack Welch is said to be interested in acquiring the financially troubled Boston Globe newspaper from New York Times Co., according to a published report Wednesday, amid ongoing turmoil in the newspaper industry.
Welch and advertising executive Jack Connors are exploring a possible bid, The Boston Globe reported, citing unnamed executives who are participating in the discussions.
Welch and Connors have hired J.P. Morgan Chase & Co. to help it evaluate the potential deal, and the investment firm values The Globe at $550 million to $600 million, the newspaper reported.
I don't know Welch's politics, but he's a hero of the investor class and he is certainly his own man. I think it's 60 Minutes that ran a segment on him a year or two ago, and he came across as very colorful and independent.
DONATE TO PATSFANS.COM
RECEIVE A FREE PATS T-SHIRT AND SAVE 15% OFF WHEN YOU BUY FROM THE OFFICIAL PROSHOP!
Free T-Shirt & Save 15% Off!
Like Our Site? Please help support our site and server costs by DONATING TO PATSFANS.COM and receive a FREE PATRIOTS T-SHIRT and SAVE 15% off EVERY purchase you make from PatriotsProShop.com. You'll also receive added benefits to your account including Removing All Ads During Your Experience Here At Our Forum.
NEEDED YEARLY SITE DONATIONS: 345 | CURRENT # OF SUBSCRIBED SUPPORTERS: 98