Thursday, February 21, 2013

The NYTimes is correct it is time to move on. the style of the two papers are diverging. The Globe has maintained it's stalwart integrity while the Times has changed since the years of the Bush White House.


NY Times To Sell Boston Globe (click here)

February 20, 2013 4:27 PM
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.
“Our plan to sell the New England Media Group demonstrates our commitment to concentrate our strategic focus and investment on The New York Times brand and its journalism,” said Mark Thompson, chief executive of the Times Co., in a statement.
He said the Times was “proud of our association with the Globe” and Worcester Telegram & Gazette, but that “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.”...