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New York Times Co Puts Boston Globe Up For Sale-Reuters

Wednesday, 20 Feb 2013 08:54pm EST 

Reuters reported that New York Times Co is putting The Boston Globe on the auction block for a second time as it seeks to focuses solely on growing its flagship newspaper, the Company said. The sale, which will also include the Worcester Telegram & Gazette, is expected to come at a big loss as newspapers struggle for subscribers and advertisers in the digital age. The Company said in a statement that it had hired Evercore Partners to advise on the sale. 

Company Quote

0.02 +0.16%
10:49am EDT