NEWS

MAGAZINES AND NEWSPAPERS
SaveE-mailPrintMost PopularRSSReprints

NYT Co. Pulls 'Globe' Off Market

Oct 15, 2009

-By Jennifer Saba


The New York Times Co. announced it is retaining The Boston Globe but is still seeking buyers for the Worcester (Mass.) Telegram & Gazette, the company disclosed in a Securities and Exchange Commission filing late this afternoon.

"After careful consideration and analysis," the company said in the filing, "it has terminated the process to explore the sale of the Boston Globe, Boston.com, and related businesses."

The company said it expects to reach a "conclusion" with the Telegram & Gazette "quickly."

For several months the New York Times indicated it was seeking buyers for its New England properties, and in the process negotiated cuts with the guild representing the newspapers.

Shares of the New York Times (NYSE: NYT) closed up 4.3 percent or 36 cents to $8.67. The company is set to report Q3 earnings on Oct. 22.

Nielsen Business Media


Share on LinkedInSaveE-mailPrintMost PopularRSSReprints

NYT Co. Pulls 'Globe' Off Market

Oct 15, 2009

-By Jennifer Saba


The New York Times Co. announced it is retaining The Boston Globe but is still seeking buyers for the Worcester (Mass.) Telegram & Gazette, the company disclosed in a Securities and Exchange Commission filing late this afternoon.

"After careful consideration and analysis," the company said in the filing, "it has terminated the process to explore the sale of the Boston Globe, Boston.com, and related businesses."

The company said it expects to reach a "conclusion" with the Telegram & Gazette "quickly."

For several months the New York Times indicated it was seeking buyers for its New England properties, and in the process negotiated cuts with the guild representing the newspapers.

Shares of the New York Times (NYSE: NYT) closed up 4.3 percent or 36 cents to $8.67. The company is set to report Q3 earnings on Oct. 22.

Nielsen Business Media
COMMENT
 


Post a Comment
Asterisk (*) is a required field.
*Username: 
*Rate This Article: (1=Bad, 5=Perfect)

*Comment:
 
RECENT MAGAZINES AND NEWSPAPERS
McClatchy Launches Digital Kindle Editions
Bloomberg Preps Major Marketing Push
AP Layoff Count Hits 90, Meets Goal
NYT to Launch 'Local' Edition in Chicago
Report: Growth Stalls at Top News Sites in October
Back to Magazine And Newspapers Homepage

Mediafreak


  • Newsletter
  • Chat
  • Podcast
  • Column

CBS Wins Thursday Overnights; ABC Poised for Leadership Among Adults 18-49

2009-11-20

It was business as usual on Thursday, with CBS first in the overnights, and ABC expected to win the evening overall among adults 18-49 thanks to the ongoing strength of Grey’s Anatomy. Third in the metered markets was vastly improved Fox (which was up 58 percent year-to-year), followed by NBC and The CW. 

More

More Newsletters

Do you eat, breathe and sleep TV, but don't want to start your own blog?
Share your thoughts and opinions with thousands of TV lovers everywhere at Marc Berman's PIFeedback.com, a forum about all things television. The Programming Insider posts the previous nights broadcast ratings results and weighs in on any number of TV issues, from the latest hits to the best of the classics.
Click Here to Chat

Click here to hear Marc Berman's morning review of last night's TV highlights and lowlights. Berman, aka The Programming Insider, offers tasty tidbits from his daily enewsletter, dishes on TV news (occasionally with a guest editor from Mediaweek) and previews upcoming shows to watch or avoid.

x

Mr. TV: Stuffing TV Turkeys

It’s almost Thanksgiving, and incredibly this is my sixth annual column dedicated to the best and worst on the small screen. And as always, there are plenty of turkeys stuffing up the airwaves just waiting to be plucked by Mr. TV.

More

More Column


Get a daily update of the latest media news stories delivered to your inbox every morning.