New York Times, Which Has Been Selling Selling Newspapers For More Than A Year, Is Exploring A Sales Of The Boston Globe
February 21, 2013 7:47 AM EST
The New York Times Co. (NYSE:NYT), which has been struggling in its newspaper operations for years, will sell the Boston Globe, Bloomberg News said Wednesday.
The Times has engaged Evercore Partners Inc. to advise about selling the Globe, which is its only remaining business outside the core New York Times media brand, Bloomberg said.
The company still owns the International Herald Tribune newspaper, which is sold in Europe.
The New York Times declined to comment on any possible sale.
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