Breaking News Bar
updated: 8/5/2013 1:40 PM

3 say they outbid Red Sox owner's offer for Boston Globe

hello
Success - Article sent! close
  • Boston Red Sox owner John Henry stands on the field before a baseball game in Boston, in this May 11, 2013 file photo. The principal owner of the Boston Red Sox has entered into an agreement to buy The Boston Globe. The Globe says the impending purchase marks businessman John Henry's "first foray into the financially unsettled world of the news media."

      Boston Red Sox owner John Henry stands on the field before a baseball game in Boston, in this May 11, 2013 file photo. The principal owner of the Boston Red Sox has entered into an agreement to buy The Boston Globe. The Globe says the impending purchase marks businessman John Henry's "first foray into the financially unsettled world of the news media."
    Associated Press

 
Associated Press

BOSTON -- Three bidders who fell short in their attempts to purchase The Boston Globe say they offered more than Boston Red Sox owner John Henry's winning $70 million bid.

Springfield television station owner John Gormally, West Coast investment executive Robert Loring and U-T San Diego chief executive John Lynch all say their groups' bids bested Henry's.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

Lynch wonders how shareholders of the seller, The New York Times Company, would react after learning a lower offer was accepted.

He and Gormally are also criticizing the bidding process. Gormally says he was kept in the dark for a week after the bid deadline until learning Henry was chosen via email.

A Times Company spokeswoman says Henry's bid was selected after a "full and active sales process" and Henry was the best choice for shareholders.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.