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VOL. 128 | NO. 36 | Thursday, February 21, 2013

New York Times to Sell Boston Globe

AP

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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.

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. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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PROPERTY SALES 0 43 12,074
MORTGAGES 0 78 15,834
FORECLOSURE NOTICES 39 39 3,168
BUILDING PERMITS 292 292 29,124
BANKRUPTCIES 3 100 11,771
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