Radio vets may buy Boston Globe.
Radio industry veterans Ernie Boch and Bruce Mittman are eyeing a deal to buy the Boston Globe. In a statement a rep says they have the “financial resources and decades of experience in media and marketing necessary to make this purchase viable.” The New York Times Company announced plans to sell the paper this week.
The potential buyers were first revealed by the Boston Business Journal, which says estimates are the Globe could sell for $100 to $150 million. “Print is not dead,” Boch told Twitter followers on Friday.
Both Mittman and Boch have a long history with radio. Mittman is a former president of Boston’s WFNX Radio Network. He also previously served as general manager at rock WAAF, Boston. He currently owns Mittcom, a Boston-area advertising and media buying agency, and is a partner in Community Broadcasters, which owns eight stations in the Watertown and Ogdensburg, NY markets.
Boch is the billionaire owner of Boch Enterprises, which owns car dealerships around New England. He previously owned a group of four radio stations on Cape Cod, which he sold to Qantum Communications for $21.3 million in 2005. When the deal was announced Boch said he would give a percentage of the sale price and share it with Boch Broadcasting employees.