The Boston Globe is reporting that the, er, Boston Globe is not being sold to Boston Herald publisher Patrick Purcell or former ad exec Jack Connors, despite a Financial Times story to the contrary.
The Financial Times reported last week that the Times Co. “began discussions two weeks ago” with Connors to buy the Globe and its stake in the Red Sox. Separately, the Wall Street Journal reported that the Times Co. and the Sox reached out to Connors earlier this month to gauge his interest in buying the stake in the team, and potentially the Globe. Two years ago, Connors teamed up with former General Electric Co. chief executive Jack Welch to put together an unsuccessful bid to buy the Globe. Welch declined to comment.
What does it mean locally?
The Telegram has been rumored to be included in any sale of the Globe as part of the New England Media Group; insiders say it is one of the only pieces in the local empire not losing money hand over fist.