1. old media

    NY Times to Sell Boston Globe

    NEW YORK - JULY 18:  The New York Times (C) and other newspapers are displayed at a newsstand in the Times Square subway station July 18, 2006 in New York City. In a cost-cutting measure, the New York Times will trim one and a half inches from the width of its newspaper, although it plans to add extra pages to compensate for some of the lost space.  (Photo by Michael Brown/Getty Images)

    Michael Brown / Getty Images

    Another day, another newspaper sale. The New York Times Co. is selling the Boston Globe, the company confirmed Wednesday. The group is working with Evercore Partners to advise the sale, which would relieve the Times Co. of the last media brand outside the Times since they began shedding regional newspapers over the past year. A statement for the company said the move “demonstrates our commitment to concentrate our strategic focus and investment on The New York Times brand and its journalism.”

    Read it at Bloomberg