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.READ MORE: MCAS Results From 2021 Spring Exam Show Expected Pandemic-Related Drops In Math And English Scores
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.READ MORE: 'Immediate Intervention' Needed At Worcester Fire Department, Report Following Lt. Jason Menard's Death Finds
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.MORE NEWS: Survey Identifies Massachusetts City With The Rudest Drivers
Copyright 2013 The Associated Press.