The New York Times Company currently owns The Boston Globe, but if two Boston businessmen have their way, that won't be the case for much longer.Former GE CEO Jack Welch and Hill Holliday ad agency founder Jack Connors are putting together a group of local business people to make a bid on the newspaper. The Times paid a little over $1 billion for the paper in 1993, but analysts estimate that it is now worth between $550 to $600 million.
The Times has repeatedly said that the paper is not for sale, though business has not been too great lately, and there is a trend in the industry for papers to become owned locally again.
