New York Times Co. Puts Boston Globe Up For Sale
The New York Times is putting its New England holdings, including the Boston Globe up for sale.
The New York Times said in a press release Wednesday that it retained the investment banking firm, Evercore Partners to advise it on the sale of its New England holdings, which include the Boston Globe,Worcester Telegram and Gazette newspaper and websites associated with the two papers. The Times tried to sell the Globe in 2009, but instead won concessions from the newspaper’s unions to reduce operating costs. The Times, in recent years, has sold much of its once large empire including a share of the Boston Red Sox.