Will someone step up to buy the Boston Globe?

Since January 2007, the value of the New York Times Co.’s New England Media Group, which includes the Boston Globe and the Worcester Telegram & Gazette, has dropped by $980 million. As the Boston Globe’s financial woes worsen, speculation is rampant about the possibility that someone will step up to buy the region’s largest paper from the Times.

Lou Ureneck, chair of the journalism department, offered commentary in today’s Boston Herald saying: “If somebody does come forward, it will be a person who cares about the city, is thinking long term about the importance of journalism in the life of the community, and sees the Globe as an important asset.”

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