• Boston.com, Friday, April 29, 2011 3:31 PM

Wellesley, Mass. entrepreneur Aaron Kushner is readying a bid of more than $200 million to buy the New England Media Group, whose properties include the Boston Globe, from the New York Times Co., according to a source cited on Boston.com, one of the properties that would be part of the sale.

Kushner, who plans to make a formal offer in the next few weeks, is reportedly working on a way to "transform the way [the Globe] does business" by "developing new products to connect readers to advertisers."

Meanwhile, The Times Co., which previously tried to sell the Media Group but has since taken it off the market, declined to comment.

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