The New York Times Co. said Wednesday that it plans to sell the New England Media Group, including The Boston Globe and its related online properties, and has hired an investment banker to find a buyer.
The Times Co. has hired Evercore Group, a New York-based firm that has been involved in other newspaper transactions, to help solicit bids from potential buyers.
Comments
HAHAHAHAHA see ya later lefty libs
You bring new meaning to the term "No Class at all".
I agree, this paper of which I am a 30+ year subscriber has gone sharply left. If that's what you want out of a paper, good for you, I miss the days of objective journalisim. You know, who, what, when, where and why. NEver mind they are on like week #2 about Browns' errant tweet.
Al Jazeera?
Globe is too far Left for Al Jazeera
Rupert Murdock!
Here's hoping a group of local investors purchase the Globe. A newspaper chain would diminish the paper even more than the New York Times.
Daily circulation is UP 11.9 % ? ...That must be the reason for the firesale. Didn't the Evercore Group sell Newsweek for $1.00?
I don't see that (a) Boston Globe's political views or "leanings" nor (b)the current state of print media in the US as any cause for the New York Times. Co. desire to shed itself of the Globe, but rather it seems that the actual "product" that the Globe's Editorial staff, reporters, and management has been producing is out of touch with the lives, the fears, the hopes, and the aspirations, of the residents of the City of Boston, and the citizens of the Commonwealth of Massachussetts.
The Globe has become "self-obsessed" with articles that easy to report, and are "trendy" rather than newsworthy or cutting stories that touch all of our lives. This past year the Globe was presented with compelling evidence that One of New England's largest employers - State Street Corporation, was secretly sending hundreds of Massachusetts middle-class jobs to INDIA in a joint venture with Syntel Corporation - a firm owned by Indian Nationals based in Troy MI. All of this was being carried out after the firm had received a $2 Billion TARP Bilout earlier from the very Americans that the firm was now basically throwing into the street.
Instead of digging deep into this story and taking on a local financial instution in the hopes of saving hundreds of jobs, and the livelihoods of hundreds of Masschusetts families, the Globe instead produced a major "investigative" story highlighting the fact that fish had been slightly mislabelled, which was served to a handful of wealthy individuals in expensive seafood restaurants.
The Globe is has become, unfortunately, the "Angry Young Man" in the the Billy Joel song, with its "fist in the air, and its head in the sand" I am certain that the New York Times has also sensed that the Globe has lost its courage and its direction, and that it is now time for the Times to move on..
NYTimes bought the Globe for $1.1 billion in 1998, it won't sell for a quarter of that. Since the NYTimes market cap is all of $1.3 billion, even if it sells for $250 million it's a positive.
You guys just don't get it - show mom pop you've got their back!
Before one spends money on anything, there must be a conviction that the item has something of value. The Boston Globe has lost its value as it has lost its honor. Instead of being a source of news, valuable information, articles of interest; it became the mouthpiece of leftest propaganda. Whether the propaganda is from the left or the right, it is still propaganda. Too bad the powers that be at the Globe sold out their professionalism for political gain. When, not if, the Globe ceases publication, I hope this city will be served by a more enlightened and professional newspaper. The Herald is a joke and a disgrace. Boston deserves a newspaper that reports "all the news that is fit to print". Bias belongs on the editorial and opinion sections not in the NEWS section. I really don't have much hope for a balanced, objective, fact based newspaper. After all, when all the Washing Press corps can ask our President is how well his golf game was, why should I expect more of our poor city paper? However, one can always hope.
Before one spends money on anything, there must be a conviction that the item has something of value. The Boston Globe has lost its value as it has lost its honor. Instead of being a source of news, valuable information, articles of interest; it became the mouthpiece of leftest propaganda. Whether the propaganda is from the left or the right, it is still propaganda. Too bad the powers that be at the Globe sold out their professionalism for political gain. When, not if, the Globe ceases publication, I hope this city will be served by a more enlightened and professional newspaper. The Herald is a joke and a disgrace. Boston deserves a newspaper that reports "all the news that is fit to print". Bias belongs on the editorial and opinion sections not in the NEWS section. I really don't have much hope for a balanced, objective, fact based newspaper. After all, when all the Washington Press corps can ask our President is how well his golf game was, why should I expect more of our poor city paper? However, one can always hope.