The New York Times Co. announced this afternoon that it’s selling its Regional Media Group newspapers to Halifax for $143 million. (Earlier post.) From NYT RMG’s FAQ:
4. What is the process for determining who will be hired?
Halifax has decided who it will hire. Again, you will be notified within the next 48 hours whether the buyer will be offering you employment. The New York Times Company has not been involved in that decision.
Here’s the letter that Regional Media Group employees received along with the FAQ:
December 27, 2011
Dear Regional Media Group Colleague,
Today The New York Times Company announced that it intends to sell the properties within the Regional Media Group. Since it is understandable that this change can be cause for concern regarding your future employment with The New York Times Company, we prepared this letter and the attachment, Frequently Asked General Questions for Regional Media Group Employees, to assist you. Please review the attachment and feel free to contact the Shared Services Center with your questions by calling 800-900-8698.
You and your family members may also contact the Company’s Work/Life Assistance Program through Corporate Counseling Associates by calling (800) 833-8707, 24 hours a day, seven days a week and speak with a professional counselor confidentially.
Sincerely,
Susan Murphy
December 27, 2011
Frequently Asked General Questions for Regional Media Group Employees
1. Why are you selling the Regional Media Group?
While it was not planned, we were approached by Halifax Media Holdings LLC. We are pleased that the newspapers will be sold as a unit and that Halifax Media Holdings anticipates offering employment to the vast majority of employees. The sale of our Regional Media Group will enable The New York Times Company to continue our transformation to a multi-platform media company and further sharpen our focus on the development of our brands nationally, globally and in the northeastern U.S./CONTINUED Read More





