NYT Scraps Plans To Sell Boston Globe
Yesterday afternoon, The Boston Globe staff received a memo from the paper’s owner The New York Times Co.’s chairman Arthur Sulzberger Jr. and CEO Janet Robinson informing them that the company no longer planned to sell the Boston paper.
The memo, which the Globe posted on its Web site Boston.com, read in part:
“The Globe has significantly improved its financial footing by following the strategic plan it set out at the beginning of this year. All along, we explicitly recognized that a careful restructuring of the Globe was one possible route and, thanks to your hard work, that is precisely what has been done.”
Robinson
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