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
A security guard walks past the entrance of the Boston Globe headquarters.   (AP Photo)
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(Newser) – 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.