The original deadline for bids on the Boston Globe has been extended by the paper's parent company The New York Times Co. the Boston Globe reported.

While reports say the deadline has been extended, no new deadline for interested buyers has been confirmed. Spokesmen for the Times Co. and Goldman Sachs, who was hired to manage the sale of the paper, would not comment on the postponment of the dealine.

The Times Co. is selling the Globe after a series of budget and staff cuts in order to make up for debt amassed by the paper.