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New York Times Co. May Sell The Boston Globe At A Loss

nyt_co_4.30.11

The Boston Globe Co. announced today that businessman Aaron Kushner is planning to buy the New England Media Group from its parent – The New York Times Co. – for $200 million, with a firm offer expected to come within the next few weeks. Kushner, the 38-year-old founder of an Internet company and CEO of Marian Heath Greeting Cards, Inc., issued a statement regarding his plans to bid, sharing that when “we have all of the pieces in place to not just purchase but enrich the institutions, we look forward to making a formal offer.”

NYT Co. CEO and Chairman Overpaid; At Least Somebody Is Making Money at the Times

Here’s a story you’ve probably read in the New York Times: Chief executives at a major company, let’s say a bank, accumulate personal fortunes through bonuses and other compensation channels while their company wilts and withers under financial strain. But on Friday that story hit a little too close to home at the Times. Sulzberger!

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