The New York Times Company announced Wednesday that it is selling the Boston Globe.
Bloomberg was the first to report the news that the company is seeking to unload its biggest asset besides the New York Times itself. The Times issued a press release shortly after, saying that it has partnered with Evercore Partners to find a suitable buyer for the Globe and the other properties in its New England Media Group.
"Given the differences between these businesses and The New York Times, we believe that a sale is in the best long-term interests of these properties and the employees who work for them as well as in the best interests of our shareholders," Times CEO Mark Thompson said in a statement.
Read More... More on Newspapers 
No comments:
Post a Comment