New York Times Co. Will Try to Sell Off Boston Globe

Amid ad struggles, publisher looks to shed assets

The New York Times announced it planned to unload The Boston Globe and its related properties, which would further strip the company of assets outside of the paper of record. As Bloomberg News reported earlier, and the Times confirmed, the company is working with Evercore Partners, an independent investment firm, to assist with the process. 

The properties in the New England Media Group that are for sale include the Globe along with the Worcester Telegram & Gazette and their respective Web sites and GlobeDirect, the Globe's direct mail marketing company.

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