NY Times: New York Times Company To Sell The Boston Globe

by Staff Report 0

The NY Times reports that The New York Times Company intends to sell The Boston Globe as well as other New England properties, enabling the media company to concentrate its efforts and resources on its leading publication.

The NY Times reports that The New York Times Company intends to sell The Boston Globe as well as other New England properties, enabling the media company to concentrate its efforts and resources on its leading newspaper. The Company said that it has engaged Evercore Partners to manage the sale. The Times Company bought The Globe for $1.1 billion in 1993 and was unsuccessful in selling it in 2009. The paper’s distribution has declined by almost half over the last decade. Read more

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