New York Times Company

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NY Times Boss: We're Not for Sale

Arthur Sulzberger firm following Washington Post purchase

(Newser) - The Washington Post and Boston Globe may be changing hands, but don't expect the same fate for the New York Times , says publisher and chair Arthur Sulzberger Jr. "Will our family seek to sell the Times? The answer to that is no. The Times is not for sale,... More »

Red Sox Owner Buys Boston Globe for a Bargain

John Henry getting it for $70M, down from $1B in its heyday

(Newser) - John Henry, the principal owner of the Boston Red Sox, has entered into an agreement to buy the Boston Globe for $70 million, a massive drop from its record $1.1 billion price two decades ago. The impending purchase from the New York Times Co. marks Henry's "first... More »

Barry Diller's IAC Grabs About.com for $300M

New York Times Company to unload business it bought for $400M

(Newser) - The New York Times Company is shedding About.com and its sister sites, and they're being snapped up by Barry Diller's IAC. The Times Company had earlier considered a $275 million bid by Answers.com, but will instead sell the About network to IAC for some $300 million... More »

BBC Head Named New NYT Chief

Mark Thompson's hire signals Times ' multimedia plans

(Newser) - The New York Times has a new boss—Mark Thompson, the head executive of the BBC, reports the Boston Globe . Thompson is set to take over the Gray Lady in November as president and CEO, taking over from Janet Robinson, who was ousted from the Times last December. "It... More »

Times Co. Takes Globe Off Market

Boston paper's finances have 'significantly improved'

(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... More »

News Corp. Talks Universal Paywall With Times, Post

(Newser) - Executives at Rupert Murdoch's News Corp. have been meeting with rival newspaper publishers about a consortium that would charge for web content. The publishers of the New York Times, Washington Post, and Los Angeles Times are all believed to have met with Jonathan Miller, the News Corp. officer overseeing digital... More »

Globe Union Caves, Votes to Accept $10M in Cuts

(Newser) - The Boston Globe's biggest union has ended a four-month battle with the New York Times company and voted to accept $10 million in pay and benefit cuts, the Boston Herald reports. Union members—who have been living with a 23% pay cut since rejecting an 8.3% decrease last month—... More »

What's the Globe Really Worth?

Some say Times Co. should pay to dump it

(Newser) - With the New York Times Co. said to be looking for a Boston Globe buyer, David Carr polled experts to see what the paper might be worth—a question, he writes in the Times, that reaches beyond the Globe itself as the newspaper industry struggles. Carr got quite a range... More »

Boston Real-Estate Firm May Buy Globe

Paper's top union wants stake in broadsheet

(Newser) - A Boston real-estate and investment firm is considering buying the Globe from the New York Times Company, and the paper’s biggest union wants a piece, too, the Herald reports. Intercontinental Real Estate Corp. says it’s been in talks for weeks to purchase the beleaguered newspaper. More »

Times Co. Puts Globe on Market

(Newser) - The New York Times Company has hired Goldman Sachs to handle a possible sale of the Boston Globe, the Globe reports. Goldman, which has also been trying to help the Times Co. unload its 17.5% stake in the Red Sox, has been telling prospective buyers it would accept bids... More »

Globe Union Rejects Pay Cut

Struggling newspaper's staff vote against deal to slice pay, benefits despite warnings

(Newser) - The Boston Globe's biggest union has turned down a contract involving pay and benefit cuts despite threats that doing so may lead to deeper cuts, the New York Times reports. Boston Newspaper Guild members voted 277-265 against the offer from the New York Times Company after 12 hours of voting,... More »

Globe Union to Vote on Pay Cut

Rejection could spark legal battle

(Newser) - The Boston Globe’s biggest union votes today on whether to accept a $10 million cut to their wages and benefits, including an 8.4% pay cut, or to mount a legal fight with parent the New York Times Co., the Boston Herald reports. If the contract is rejected, the... More »

Google, Times Brainstorm New Advertising Models

(Newser) - Google won’t buy the New York Times, but the companies are discussing novel ways the search giant can help the newspaper stay afloat, the Business Insider reports. Sources say one idea is for Google to split advertising revenue it takes from sites hosting Times content with the paper. Another,... More »

Geffen Sought Stake in NY Times

Media mogul rebuffed after bid for 20% of company

(Newser) - Media mogul and DreamWorks co-founder David Geffen recently offered to buy nearly 20% of the struggling New York Times Company, Fortune reports. Geffen offered market price, currently $194 million, for the shares owned by Harbinger Capital Management. But the hedge fund rejected his offer as too low. He hasn't been... More »

Globe Strikes Deal With Last Holdout Union

Paper likely to remain in business as employees take major cuts

(Newser) - The Boston Globe and its largest union struck a tentative deal early this morning that will likely keep the newspaper's owner, the New York Times Company, from shutting down the title. The union representing more than 600 employees in the editorial and advertising divisions was the last holdout in negotiations... More »

Globe Guild Execs Got Raises as Members Went Without

(Newser) - The leaders of the Boston Globe’s biggest union have given themselves substantial raises over the past 3 years, even as the people they represent went without, the Herald reports. Boston Newspaper Guild president Dan Totten—who recently lambasted New York Times Co. execs for giving themselves extra days off... More »

Amazon to Roll Out Kindle for Textbooks

(Newser) - Amazon will unveil a bigger new version of the Kindle tomorrow, designed to handle textbooks and periodicals, the Wall Street Journal reports. Amazon already has deals in place with several textbook publishers for content, and with various universities, including Princeton, Reed College, and Arizona State, to get the device into... More »

As NY Plays Hardball, Globe Swings in Wind

Tensions high as last union works toward deal with Times Co.

(Newser) - Tensions are high as the last of seven Boston Globe unions tries to hammer out a deal with the New York Times Company, the Washington Post reports. The Boston Newspaper Guild has blasted the Times Co’s “bullying tactics” in negotiations set to resume as soon as today, but... More »

6 Globe Unions Cut Deal; Largest Remains

Two more still need to settle differences or Boston paper will shutter

(Newser) - Under threat of closure from the New York Times Co., six of the Boston Globe's seven unions have hammered out tentative deals with management, agreeing to millions in concessions, reports the Globe. But the newspaper's largest union, the Boston Newspaper Guild, is taking a break from negotiations following what the... More »

Times Co. Gives Globe Weekend to OK $20M Cuts

But accounting error further infuriates staffers

(Newser) - The Boston Globe will live to print another edition, now that the New York Times Company has extended its deadline to midnight tomorrow, the Globe reports. Marathon negotiations continued after last night’s deadline, when the Times Co. granted the eleventh-hour reprieve for the paper’s unions to approve $20... More »

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