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The front of The Boston Globe reads "Times Co. seeks Globe bids." Apparently, two people that made bids for the Globe said the New York Times Co. (NYSE:NYT) hired Goldman, Sachs & Co. -- the same bank it hired to sell its 17.5% stake in the Boston Red Sox --...
Posted on June 10, 2009 8:44 AM
The ailing newspaper industry isn't getting a bailout from Uncle Sam as it's squeezed by weakening demand and lost ad sales to rival Web properties.Word just came in that debt-ridden newspaper and television company Tribune Co. filed for bankruptcy Monday. Most of Chicago-based Tribune's debt came from a buyout by...
Posted on December 8, 2008 2:14 PM
New York Times Co. CEO Janet Robinson said at a Bear Stearns Conference Tuesday that the company is unlikely to sell The Boston Globe or its stake in the Boston Red Sox. "The regionals took many steps to reduce their cost structure, and they will do so this year. There are...
Posted on March 11, 2008 4:14 PM
Does the New York Times Co. have a flawed digital strategy? That's the view of a pair of hedge funds preparing to nominate a slate of directors at the Times Co.'s next shareholder meeting. So CD took a look at just what the strategy has been at the Times -- which...
Posted on January 28, 2008 4:39 PM
The crossing (from Corporate Dealmaker)
Memo to media moguls: Get over it. Get over your need for control. Get over the fear and fealty you've instilled in your subordinates for all those years. And get over the top-down decision-making process that has characterized mass media companies since they first arose in the 19th century....
Posted on December 15, 2005 7:30 PM
New York Times Co. ended another tough quarter last month, with circulation revenue declining, staff reduction costs crimping profits and ad growth uneven. There was a hopeful sign, though: Ad revenue at the company's newest online business, About Inc., climbed 67% in the quarter, to $14.2 million. That was...
Posted on December 15, 2005 5:37 PM
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