Times Co to Sell Globe

Posted on June 10th, 2009 No Comments

The New York Times Co has hired Goldman Sachs to manage the potential sale of The Boston Globe and to request bids for the newspaper. Goldman Sachs said in recent weeks that bids would be accepted starting June 8 no matter what the paper’s largest union had to say.

So far there has been no public interest shown in buying The Boston Globe which has recently had to go into bankruptcy after major financial losses. The future of the paper is currently unknown.

If you are considering bankruptcy, contact the Boston bankruptcy attorneys of Joshua Spirn & Associates at 800-975-5346

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