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The Boston Globe

Business

3 groups say they topped Henry’s bid for Globe

Three of the groups that lost out in the bidding for The Boston Globe say their offers were higher than Red Sox owner John W. Henry’s winning $70 million bid — prompting them to question the New York Times Co.’s sales process.

John Gormally, a Springfield television station owner and publisher of BusinessWest magazine, said that after meeting the Times Co.’s final bid deadline on July 26, he heard nothing from the company until a week later, in the early hours of Saturday morning, when an e-mail around 3 a.m. from the investment bankers announced the sale to Henry.

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