New York Times Seeks Buyer for Boston Globe
The New York Times Co., while furiously slashing costs at the Boston Globe, has hired an investment bank to shop the paper around, the Globe disclosed yesterday.
The report, which came after the company cut the pay of Globe journalists by 23 percent, said the information came from two people interested in making a bid for New England’s largest newspaper. But whether a serious buyer emerges for the money-losing daily is an open question.
In another development that could alter the media landscape, Rupert Murdoch is on the verge of selling his conservative magazine, the Weekly Standard, to billionaire Philip Anschutz, owner of the Washington Examiner. A source familiar with Murdoch’s plans, who declined to be identified discussing private negotiations, confirmed a Los Angeles Times report about the pending deal.
By: washingtonpost.com Read more >>
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