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Former General Electric CEO Jack Welch sees value in the Boston Globe at a time when most newspapers are struggling to pay for the paper they're printed on. The printed word seems to have migrated to the Internet but Welch isn't so convinced. The grizzled corporate veteran reportedly came out and said on Oct. 30 on Fox News program "Your World with Neil Cavuto" that he along with his partners that include Jack Connors, co-founder of the Boston advertising firm Hill Holliday, were ready to make a bid to the New York Times Co. for the Boston Globe. Welch stressed that he is in the early stages of making a bid. This ends a week of speculation that Welch would make an offer for the Globe. The paper's value seems to have been lowered by a report that was released Oct. 30 that the average daily circulation for the publication fell 7% to about 386,000 in the six months ended Sept. 30 from 414,000 in the same year-ago period, according to the Audit Bureau of Circulations, an independent group that monitors newspaper circulation and readership. The decline is far worse than the national decline in daily newspaper circulation of 2.8%. — Gerald Magpily
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