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 The Globe, citing two potential buyers who wished to remain anonymous, reported Wednesday that Goldman Sachs has begun accepting bids for the 137-year-old newspaper. That was before the Boston Newspaper Guild, the Globe's largest union, voted Monday to reject $10 million in pay and benefit cuts demanded by the company.
The company responded by saying it would cut pay by 23 percent.
The Globe lost $50 million last year and is on track to lose $85 million this year.
A Globe spokesman declined to comment early Wednesday via e-mail. A Times Co. spokeswoman could not immediately be reached for comment.
[Associated
Press]
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