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Owner of the Tampa Tribune named as one of many possible buyers of the Boston Globe

At least eight potential buyers, ranging from former newspaper executives with local roots to private equity investors from the West Coast, are weighing bids for the Boston Globe, the newspaper reported Wednesday.

Among those vying for the Globe are two competing local groups, one led by members of the Taylor family that once owned the company and another that includes a former president of the newspaper. The Kraft Group, owner of the New England Patriots football team, also has expressed interest.

Another potential bidder: Revolution Capital Group, a Los Angeles private equity firm that last year bought the Tampa Tribune for $9.5 million and in April acquired the weekly Clearwater Gazette, the Globe reported.

Revolution Capital's founder, Robert Loring, 48, is a Boston College graduate who briefly worked as a sportswriter at the Boston Herald in the early 1990s, the Globe reported.

The New York Times Co., which owns the Globe, has hired investment bankers from Evercore Partners to conduct meetings with possible buyers, some of whom have toured the Globe building and plant in recent weeks. Prices for the New England media group could range from $70 million to $120 million, the Globe reported.

The sale process is confidential, making a precise roster of bidders difficult to confirm. The deadline for bids is June 27.

Owner of the Tampa Tribune named as one of many possible buyers of the Boston Globe 06/19/13 [Last modified: Wednesday, June 19, 2013 10:59pm]
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