The New York Times (NYT) reportedly received a bid last month of over $100M for the Boston Globe...

|About: New York Times Co. (NYT)|By:, SA News Editor

The New York Times (NYT) reportedly received a bid last month of over $100M for the Boston Globe from Rick Daniels, a former president at the newspaper, and P-E firm Boston Post Partners. The sides have been in talks for a year, but the NYT has opened up the process in order to avoid investor lawsuits. The hope is to attract a bid from News Corp (NWS).