10-25-2006, 12:32 PM
|
#1
|
|
Moderator
Join Date: Sep 2004
Posts: 16,357
My Mood:
|
Welch reportedly interested in Boston Globe
http://www.marketwatch.com/News/Stor...o&dist=myyahoo
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.
|
|
|
Linear Mode
