Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Nyse  >  Evercore Partners Inc.    EVR   US29977A1051

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

New York Times received bid of over $100 million for Boston Globe: WSJ

02/22/2013 | 08:17pm US/Eastern

(Reuters) - The New York Times Co last month received a formal bid that valued its Boston Globe subsidiary at more than $100 million, with about a third of the value from buyers assuming some of the newspapers's pension liabilities, the Wall Street Journal said, citing people familiar with the matter.

The Times has been in quiet talks for the past year with the potential buyer group, which included former Boston Globe President Rick Daniels and managing director Heberden Ryan of private equity firm Boston Post Partners, the report said on Friday, citing the same sources.

The Times Co has been hoping for a bid from News Corp, owner of The Wall Street Journal, the report said, citing several people close to the Times and Globe. But News Corp's ownership of a Boston television station would preclude its purchase of the Globe, given regulatory rules that prohibit companies from owning a newspaper and a television station in the same market, the report said, citing one person familiar with the situation.

The Times and News Corp declined to comment on the report. Neither Daniels nor Ryan could immediately be reached for comment.

(Reporting By Jennifer Saba and Ransdell Pierson; Editing by Eric Walsh)

React to this article
Latest news on EVERCORE PARTNERS INC.
07/02 EVERCORE PARTNERS : Entry into a Material Definitive Agreement, Financial Statem..
06/10 DELPHI AUTOMOTIVE : Short Interest Drops by -10.8%
06/09 EVERCORE PARTNERS : Submission of Matters to a Vote of Security Holders (form 8-..
06/09 EVERCORE PARTNERS : Nishant Bakaya joins Evercore as a Managing Director in its ..
06/04 Credit Suisse expands Canadian energy team as asset demand grows
06/04 EVERCORE PARTNERS : CFO Robert B. Walsh to Take Part in the Sandler O'Neill Glob..
06/01 EVERCORE PARTNERS : Chief Financial Officer, Robert B. Walsh, to Present at the ..
05/28 EVERCORE PARTNERS : Chief Financial Officer, Robert B. Walsh, to Present at the ..
05/28DJAvago Agrees to Buy Broadcom for $37 Billion -- 5th Update
05/28 EVERCORE PARTNERS : Lea Lazaric Calvert to join Evercore as Managing Director in..
Advertisement
Chart
Duration : Period :
Evercore Partners Inc. Technical Analysis Chart | EVR | US29977A1051 | 4-Traders
Income Statement Evolution
More Financials