Real estate magnate Jeff Greene said to eye purchase of Worcester, Mass., paper from Times Co.

By AP
Thursday, December 3, 2009

Real estate magnate eyes Worcester, Mass., paper

WORCESTER, Mass. — Billionaire real estate magnate and Worcester native Jeff Greene is reportedly among those interested in buying Worcester’s Telegram & Gazette from its owner, The New York Times Co.

The president of Greene’s Florida-based investment company has told the Telegram & Gazette that it is among the business opportunities the firm is evaluating. Bret Berlin would not say whether Florida Sunshine Investments has made a formal bid.

Greene would be competing with a local group led by retired Telegram & Gazette editor Harry Whitin and Polar Beverages Co. chief executive Ralph Crowley. Whitin says the Times Co. has received a bid from his group.

The Times Co. announced in October that it would not sell The Boston Globe but left open the possibility of selling the Worcester newspaper.

Information from: Telegram & Gazette, www.telegram.com

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