Potential bidders for The Boston Globe were expecting documents from investment bankers regarding the sale of the company to become available as soon as Monday, according to several people briefed on the timing.
The New York Times Co. last month announced it had hired Evercore Partners in New York to solicit bids for the New England Media Group, which includes the Globe, the Worcester Telegram & Gazette, and the newspapers’ online properties.
It’s too early to know who will emerge as serious bidders, but talks have been underway over the past few weeks among a number of interested people, according to those briefed on the discussions.
Among the potentially interested parties are Heberden Ryan and Richard Daniels, whose efforts to buy the New England Media Group over the past year spurred the Times Co. to put the company up for sale. Ryan, 44, goes by “Heb” and runs a firm called Boston Post Partners that arranges private equity deals but does not manage an investment fund. He started his career in marketing for a magazine company in New York. His mother is a retired sports reporter; his father is a former professional football player turned professor.
Ryan, a 6-foot-8 former Harvard University crew team member and Harvard Business School graduate, has teamed up with Daniels, a former Globe president who most recently was president of Gatehouse Media New England. Gatehouse owns newspapers including The Patriot Ledger of Quincy and The Enterprise of Brockton.
In a statement, Ryan and Daniels said, “The Boston Globe and the Worcester Telegram & Gazette are two of the best and most important newspapers and digital media sources in New England. Producing great journalism costs money, and it needs to be supported by a strong and viable business. Our intention is to give these news organizations the economic viability they need to bring great journalism to their consumers and their communities.”
Two members of the Taylor family, which controlled the Globe for a century, also are considering making a bid. Ben Taylor, a former Globe publisher, and his cousin Steve Taylor, a former executive vice president of the Globe who helped launch Boston.com, bid on the Globe the last time the Times Co. tried to sell the company, in 2009.
“We’re talking among family and colleagues and are thinking hard about it,’’ Steve Taylor said. The Taylors sold the Globe to the Times Co. in 1993 for $1.1 billion.
Another group gaining attention includes Jack Griffin, 52, a magazine industry executive who was briefly chief executive of Time Inc. He currently runs Empirical Media, a New York advisory firm, and is a director of Newsweek and The Daily Beast. Potential partners in his bid are Empirical cofounder Jim Friedlich and L. Gordon Crovitz, a former Wall Street Journal publisher, according to people briefed on the matter. Griffin declined to comment.
A number of people in Boston may be interested in investing in the Globe but have not committed to a group. Steve Pagliuca, a Bain Capital managing director and co-owner of the Boston Celtics, has shown interest in the past.
Auto sales magnate Ernie Boch Jr. and Bruce Mittman, a Boston advertising and marketing executive, have said they are also interested in submitting a bid for the New England Media Group. Boch was traveling Friday and Mittman declined to comment.
Representatives of the Times Co. and the Globe declined to comment.