Monday, June 29, 2009

NYT pitching Globe, Telegram?

The New York Times reported that the company wants to sell both The Boston Globe and the Telegram & Gazette in Worcester, Mass., in a packaged deal.
New York Times Co. declined to comment on the report, which was based on a confidential letter from Goldman Sachs, the publisher’s investment bankers.
The letter set a July 8 deadline for initial bids.

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