New York Times Co. Puts Boston Globe Up For Sale
The New York Times Company announced this week that it plans to sell The Boston Globe, along with other New England properties, including Boston.com, The Worcester Telegram & Gazette and Globe Direct, a direct-mail marketing company. NYT Co. bought The Globe for $1.1 billion in 1993. In 2006, a group of Boston businessmen, including former General Electric Co. Chairman Jack Welch, made an offer to buy The Globe for $550 million to $600 million, but the…
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