New York Times to Boston Globe Bidders: Take Your Time!

Stressed about making tomorrow morning’s deadline to submit a bid for the Boston Globe? No worries! The New York Times, which is selling the paper it bought in 1993, is telling prospective buyers to take their time. Goldman Sachs, which is running the auction for the Times, had originally told bidders to submit their offer by July 8. But as of last night, that deadline has been pushed back, with no new deadline to replace it.
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Supposed Buyer for NYT’s Boston Red Sox Stake Says He’s Not Interested

One of the supposed buyers for the New York Times’s stake in the Boston Red Sox–one of the few assets the paper can unload as it tries to bail itself out of a cash crunch and looming debt problem–says he’s not buying.