New York Times to sell Boston Globe

on 20/02/2013 20:50:16

The New York Times Co is selling The Boston Globe and its related assets, in order to focus on its namesake newspaper.

The Times said it has hired Evercore Partners to advise it and manage the sales process.

Mark Thompson, the Times' chief executive, said in a statement that, given the differences between the Globe and the Times, a sale is in the best long-term interests of both properties.

Along with the Globe, the Times is selling the Worcester Telegram & Gazette; the publications' related websites; the Globe's direct mail marketing company, GlobeDirect; and a 49% interest in Metro Boston, a free daily newspaper for commuters.