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New York Times Co Agrees to Sell New England Media Group


Saturday, 3 Aug 2013 02:46am EDT 

New York Times Co announced that it has entered into an agreement to sell its New England Media Group to an acquisition company owned by John W. Henry, the principal owner of Fenway Sports Group, for $70 million in cash, subject to customary adjustments. The all-cash transaction is expected to close in 30 to 60 days. The Company intends to use the net proceeds for general corporate purposes. 

Company Quote

13.27
0.15 +1.14%
19 Dec 2014