Monday, August 10, 2009

NY Times Hires Goldman Sachs to Sell Globe

Despite reportedly accepting bids for the sale of the Boston Globe, New York Times(NYT Quote) executives said the company could end up holding onto the struggling Beantown daily paper after all.

As it stands, though, the Times has hired Goldman Sachs(GS Quote) to help it shop the New England Media Group, the unit that includes the Globe, the Worcester (Mass.) Telegram & Gazette and their Web sites.

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