3 Say They Outbid Winning Offer For Boston Globe

Three bidders who fell short in their attempts to purchase The Boston Globe say they offered more than Boston Red Sox owner John Henry’s winning $70 million bid.

Springfield television station owner John Gormally, West Coast investment executive Robert Loring and U-T San Diego chief executive John Lynch all say their groups’ bids bested Henry’s.

Lynch wonders how shareholders of the seller, The New York Times Company, would react after learning a lower offer was accepted.

He and Gormally are also criticizing the bidding process. Gormally says he was kept in the dark for a week after the bid deadline until learning Henry was chosen via email.

A Times Company spokeswoman says Henry’s bid was selected after a “full and active sales process” and Henry was the best choice for shareholders.

Please follow our community rules when engaging in comment discussion on this site.