Thursday, March 7, 2013

The digital Era forced the New York Times selling assets

The headquarters of the New York Times (Reuters)

New York (Reuters)-The New York Times who is facing tough environment for newspaper industry in the digital age, Thursday morning GMT Boston Globe announced its plan to sell and asset-assetnya in New England. The Times claimed had hired Evercore Partners to become his Adviser and managing the sales process The Globe. The Time trying to streamline asset-assetnya by offering his most prestigious brand. "Our plan to sell New England Media Group demonstrates our commitment to concentrate strategic focus and our investment in the brand as well as The New York Times he used, "says Mark Thompson, President and CEO of The New York Times Company as quoted AFP.In addition to The Globe, other assets that will be sold is Boston.com, The Worcester Telegram Gazette, Telegram.com &, and who is the marketing company GlobeDirect The Globe. Also for sale is a 49 percent stake in the company in Metro Boston.  (*)Editor: Jafar M Prints

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Title Post: The digital Era forced the New York Times selling assets
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