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4-Traders Homepage  >  Equities  >  Nyse  >  Evercore Inc    EVR

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

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02/23/2013 | 02:17am CEST
Boston Globe's logo is seen on newspaper's building in Boston

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)

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Sales 2017 1 576 M
EBIT 2017 391 M
Net income 2017 210 M
Debt 2017 -
Yield 2017 1,84%
P/E ratio 2017 19,13
P/E ratio 2018 15,98
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Capitalization 3 305 M
Chart EVERCORE INC
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Evercore Inc Technical Analysis Chart | EVR | US29977A1051 | 4-Traders
Technical analysis trends EVERCORE INC
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 85,6 $
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
Ralph L. Schlosstein President, CEO & Inside Director
Roger C. Altman Senior Chairman
John S. Weinberg Executive Chairman
Timothy G. LaLonde Chief Operating Officer
Robert B. Walsh Chief Financial Officer & Senior MD
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