Globe Herald Hostage (Lowball Edition)

Once again the Boston Herald is a day late, but it’s the dollar short that’s interesting.

Yesterday’s Boston Globe featured this update on the sale of the paper:

Field of bidders for Globe reportedly narrows

Groups with local ties – Taylor family Henry, equity group – remain in contention

At least three investor groups with local ties apparently remain in contention to buy The Boston Globe and its related businesses, according to people briefed on the matter.

The narrowed field of bidders includes members of the Taylor family that formerly owned the Globe; Boston Red Sox owner John Henry; and Robert Loring, a Massachusetts native who owns the Tampa Tribune, said people briefed on the process.

The owner of the U-T San Diego newspaper is a possible fourth finalist, but the status of the bid could not be confirmed Thursday.

And then the money quote: “The competing bids range from $65 million to $80 million, according to the people briefed on the matter.”

Here’s how that translates into Heraldese . . .

Read the rest at It’s Good to Live in a Two-Daily Town.

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