BU Now » Taylor family http://blogs.bu.edu/bunow News, information and research from Boston University Wed, 21 Sep 2011 18:14:24 +0000 en hourly 1 http://wordpress.org/?v=3.1.4 Boston Globe bidding deadline http://blogs.bu.edu/bunow/2009/10/08/boston-globe-bidding-deadline/ http://blogs.bu.edu/bunow/2009/10/08/boston-globe-bidding-deadline/#comments Thu, 08 Oct 2009 20:58:02 +0000 Dick Taffe http://blogs.bu.edu/bunow/?p=3384 Boston Globe FutureWith the bidding deadline for the Boston Globe here, some question if the two potential buyers – the California investment firm Platinum Equity, and the Taylor family – can handle the reported $115 milion in pension liabilities.  Journalism Professor Fred Bayles, a former AP and USA Today reporter and long-time Globe watcher, says this all reflects the general state of the newspaper industry.

“Newspapers still can make money, especially if they trim off the excesses in staff and equipment acquired during the rock ‘n’ roll years. The Globe could be one of them if the pension and other obligations can be dealt with.”

Contact Fred Bayles, 617-353-7736, fbayles@bu.edu

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