Wednesday, November 22, 2006

N.Y. Times rebuffs offer for Boston Globe

Jack Welch and others seen seeking exclusive negotiating rights for paper


By John Spence, MarketWatch
Last Update: 12:37 PM ET Nov 22, 2006

BOSTON (MarketWatch) -- New York Times Co. has declined a proposal from a group of Boston businessmen, including former General Electric Co. Chief Executive Jack Welch and advertising executive Jack Connors, to buy the Boston Globe, the Globe reported Wednesday.

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