NY Times To Sell Boston Globe

NEW YORK (AP) — The New York Times Co. says it is selling The Boston Globe and its related assets, in order to focus on its namesake newspaper.

The Times said it had hired Evercore Partners to advise it and manage the sales process.

Mark Thompson, the Times’ chief executive, said in a statement that given the differences between the Globe and the Times, a sale is in the best long-term interests of both properties.

WBZ NewsRadio 1030’s Diane Stern spoke with the Globe’s Frank Phillips

Along with the Globe, the Times is selling the Worcester Telegram & Gazette; the publications’ related websites; the Globe’s direct mail marketing company, GlobeDirect; and a 49 percent interest in Metro Boston, a free daily newspaper for commuters.

Copyright 2013 The Associated Press.

  • http://piodalcin.wordpress.com/2013/02/21/the-new-york-times-is-selling-the-boston-globe/ The New York Times is selling the Boston Globe « Blog Write Photo Links Quotes Life Video Seo

    […] NY Times To Sell Boston Globe (boston.cbslocal.com) […]

  • http://boston.cbslocal.com/2013/02/21/keller-large-boston-globe-buyer-needs-to-know-what-it-means-to-community/ Keller @ Large: Boston Globe Buyer Needs To Know What It Means To Community « CBS Boston

    […] (CBS) – The New York Times Company announcement that the Boston Globe is being put up for sale does not come as a […]

  • http://boston.cbslocal.com/2013/02/22/ernie-boch-jr-considers-bid-to-buy-boston-globe/ Ernie Boch, Jr. Considers Bid To Buy Boston Globe « CBS Boston

    […] New York Times announced earlier this week its plans to sell the […]

blog comments powered by Disqus
Taz Show
Download Weather App

Listen Live