A former owner of The Boston Globe visited the newspaper recently. Stephen Taylor, whose great-grandfather started the newspaper, is looking to bring it back into the family. But he is facing competition from Platinum Equity, a private equity firm from Beverly Hills, California, which also visited the Globe offices within the past week, according to a report by the newspaper in question.
A third group, which is local, may withdraw from the bidding process. It is led by Jack Connors, a former ad executive, and Stephen Pagliuca, co-owner of the Boston Celtics. Pagliuca is thinking about a run for the now open U.S. Senate seat in Massachusetts. This group submitted the lowest bid.