The New York Times Company has had three bids to purchase the New England Media Group, of which the Boston Globe is part of, appear over the last week, according to an article in Monday's Boston Business Journal.

The most recent offer for the New England Media Group came from Beverly Hills investment firm Platinum Equity, which now joins a group led by Boston Celtics co-owner and Bain Capital executive Stephen Pagliuca and a third party lead by a former owner who sold the Globe to the Times Co. in 1993, Stephen E. Taylor.

Platinum has reportedly offered $35 million plus responsibility for $59 million worth of pension liabilities, an obligatory requirement of the Times Co.

Last week the two top executives at the Times Co. confirmed that they had officially hired Goldman, Sachs & Co. to oversee the sale of the media group.

Platnium Equity was formed in 1995 by billionare Tom Goresm who, according to Forbes is worth an esimated $2 billion, Boston.com reported Saturday.

The company acquired the San Diego Union Tribune in May and has since made substantial changes at the newspaper. Only two of the paper's top eight managers have retained their position since the purchase and 18 percent of the papers staff, amounting to 192 people, were cut just three days after the deal was closed.

The newspaper itself has also seen change, with a reduction in size and the elimination of the standalone Sunday edition.