The Boston Globe and the Worcester Telegram & Gazette are outstanding newspapers and they and their related digital properties are well-managed leaders in their markets with real opportunities for future development. We are very proud of our association with the Globe and the Telegram & Gazette, but given the differences between these businesses and The New York Times, we believe that a sale is in the best long-term interests of these properties and the employees who work for them as well as in the best interests of our shareholders.
BREAKING: New York Times Company said to put Boston Globe up for sale
— Bloomberg News (@BloombergNews) February 20, 2013
New York Times Co. is formally exploring a sale of the Boston Globe, its only remaining business outside the core New York Times media brand, two people familiar with the matter said.
The publisher is working with Evercore Partners Inc. as an adviser for a possible sale, said the people, who asked not to be named because they weren’t authorized to speak publicly.
* New York Times Co. plans to sell the Boston Globe (nytimes.com)
* From 2012: Why it’s tough to sell the Boston Globe (blogs.wsj.com)
* From 1993: NYT Co. shareholders should be happy with Globe deal in the long run (ajr.org)