New York Times Company to Sell Boston Globe
The New York Times Company is seeking a buyer for the Boston Globe. The company has teamed up with Evercore Partners to help sell its New England Media Group, which includes the Globe and its website; the Worcester Telegram & Gazette and its site; and GlobeDirect, the Globe’s direct mail company.
“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, CEO of the Times Company, in a statement.
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