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New York Times is selling all things Boston

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Staff writer ▼ | February 21, 2013
The New York Times Company plans to sell its New England Media Group, including The Boston Globe and its related properties.
The Boston Globe
The Boston GlobeThe New York Times Company plans to sell its New England Media Group, including The Boston Globe and its related properties.


The principal properties that make up the New England Media Group are The Boston Globe, BostonGlobe.com, Boston.com, Worcester Telegram & Gazette, Telegram.com, GlobeDirect (the Globe’s direct mail marketing company). The buyer will also get 49 percent interest in Metro Boston.

Mark Thompson"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," said Mark Thompson, president and CEO of The New York Times Company.

There can be no assurance that any transaction will take place, said the company in the statement, and additional details will be provided when and if the company enters into a transaction. The Company will not comment upon any proposals.


 

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