Former Globe executive in talks with Times Co. about sale
Rick Daniels, a former Boston Globe executive who most recently was president of Gatehouse Media, and Boston private equity investor Heb Ryan have been in discussions with the Times Co. and last month submitted a bid of about $100 million to buy The Boston Globe, according to a person with knowledge of the matter.
The bid included some pension liabilities, according to the person, who spoke on condition of anonymity because he was not authorized to discuss it publicly.
Ryan, whose mother was a sports reporter in Cleveland, has been interested in buying the Globe since soon after the Times Co. took it off the market in 2009. He had previously been working with other interested parties in mounting an attempt to buy the Globe.
Ryan did not return calls seeking comment; Daniels declined to comment on a potential purchase.
The Wall Street Journal first reported on the bid the two made to the Times Co.