» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 128 | NO. 36 | Thursday, February 21, 2013

New York Times to Sell Boston Globe

AP

Print | Front Page | Email this story | Comments ()

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 This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 312 16,192
MORTGAGES 86 293 18,685
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 332 655 33,126
BANKRUPTCIES 50 237 10,737
BUSINESS LICENSES 26 112 5,198
UTILITY CONNECTIONS 0 127 11,344
MARRIAGE LICENSES 19 94 3,867

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.