Times Co. Takes Globe Off Market

Boston paper's finances have 'significantly improved'
By Will McCahill,  Newser Staff
Posted Oct 14, 2009 6:14 PM CDT
Times Co. Takes Globe Off Market
A security guard walks past the entrance of the Boston Globe headquarters.   (AP Photo)

The New York Times Company has decided not to sell the Boston Globe after all, its chairman told workers in a late-afternoon email today, saying that the financial picture has “significantly improved” for the 137-year-old newspaper in recent months after various cost-cutting and revenue-boosting moves. Two groups did bid after the Globe went on the market in June, but no deal was reached.
(More New York Times Company stories.)

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