New York Times Calls Off Sale of Boston Globe

immigration murrieta bus paralax3
NBC 7

The Boston Globe is off the market.
    
The New York Times Co. says it won't sell the newspaper after all, following "careful consideration and analysis."

In a regulatory filing Wednesday, the company said it is still weighing its options for the Telegram & Gazette in Worcester, Mass.
    
The Times Co. disclosed in August that it had retained Goldman Sachs & Co. to explore a potential sale of its New England Media Group, which includes both newspapers. Company executives later
 told Globe employees that the newspaper's finances had improved significantly and that a sale was no certainty.
    
The Times Co. had said the Globe's operations were on track to lose $85 million this year before unionized workers agreed to concessions.

Copyright AP - Associated Press
Contact Us