Janet Robinson, CEO of the New York Times Co., said in an interview that the
Boston Globe,
owned by the Times Co., “is not for sale,”
the
Globe
reported.
Robinson said “that the
Globe
‘s finances have improved after a series of cost-cutting and revenue measures, and it is expected to be a strong contributor to the parent company’s financial performance,” the article said.
Even so, businessman Aaron Kushner is reportedly preparing to offer more than $200 million for the Times Co.’s New England Media Group, the report noted. Kushner has said his advisers include members of the Taylor family, the former owners of the
Globe.
Robinson acknowledged that the Times Co., as a publicly traded company, would have to entertain any offer made for the
Globe.
(Source:
Boston Globe,
May 19, 2011.)
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