NY Times prepares to sell Boston Globe
LOS ANGELES (AP) - The New York Times Co. said Wednesday that it is putting The Boston Globe and its related assets up for sale four years after it called off a previous attempt to sell the newspaper.
Mark Thompson, the Times' chief executive, said in a statement a sale would be in the best long-term interests of both properties, "given the differences between these businesses and The New York Times." Thompson said the sale would help the company concentrate its attention and investments on The New York Times' brand.
The newspapers' differences are stark. The Times has a national - even international - audience, and has been adding digital subscribers at a rapid clip.
Last year, it launched a Chinese-language website and has a loyal, growing subscriber base in the US.