NEW YORK, Oct 14 (Reuters) - The New York Times Co said it has given up on its plan to sell The Boston Globe and related businesses.
New York Times, in a filing with the U.S. Securities and Exchange Commission on Wednesday, said it was still considering strategic alternatives for the Worcester Telegram & Gazette and is determined to reach a decision soon.
The Times has been struggling to improve its finances as the recession and a shift of readers from newspapers to the Web hurts ad revenue.
(Reporting by Ritsuko Ando; Editing by Gary Hill) Keywords: NYTIMES/ (ritsuko.ando@thomsonreuters.com; +1 646 223 6084; Reuters Messaging: ritsuko.ando.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
New York Times, in a filing with the U.S. Securities and Exchange Commission on Wednesday, said it was still considering strategic alternatives for the Worcester Telegram & Gazette and is determined to reach a decision soon.
The Times has been struggling to improve its finances as the recession and a shift of readers from newspapers to the Web hurts ad revenue.
(Reporting by Ritsuko Ando; Editing by Gary Hill) Keywords: NYTIMES/ (ritsuko.ando@thomsonreuters.com; +1 646 223 6084; Reuters Messaging: ritsuko.ando.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
