It's not over for the Boston Globe... yet. The Associated Press reports that the New York Times Co. has hired Goldman Sachs to “manage the possible sale” of its Boston-based paper. Reportedly, two anonymous buyers have bid for the 137-year-old paper, which lost $50 million last year and is projected to lose $85 million this year. However, the bids apparently came in before the Boston Newspaper Guild, the Globe's largest union, voted to reject the Times-mandated $10 million in pay and benefit cuts on Monday, and ended up slapped with a 23 percent pay cut instead.
Read it at Associated Press
