Businessman to Bid $200 Million for The Boston Globe

Here’s something to get you in a good mood before heading out into a weekend full of plans that you abandon by noon tomorrow: Aaron Kushner, an entrepreneur, is expected to bid $200 million for The Boston Globe.

The Globe – which is owned by The New York Times Company – has been losing money, much like every other newspaper. But Kushner apparently has a plan to turn it around. Thankfully, he’s been getting plenty of people to advise him on just how to do that:

During the last several months, Kushner has courted business executives and others from Boston and around New England to either invest in his venture, or provide him with advice and other input. Among those who have been involved is a former Globe editor, Ben Bradlee Jr., as well as Benjamin and Stephen Taylor, members of the family that owned the Globe for generations before selling to the Times Co. for $1.1 billion in 1993. The Taylors have previously said they intend to invest in Kushner’s effort.

Also involved is Chris Harte, a former publisher of the Akron Beacon Journal and the Minneapolis Star Tribune, who is advising Kushner on media issues.

Although details on how exactly he’s going to change things are scarce, it sounds like Kushner wants to expand products that get readers to interact with advertisers more often.

Let’s hope Kushner knows what he’s doing, because the Globe could use the help.

Publish date: April 29, 2011 © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT