Times Co. Won't Spin Off Globe

Media Moves

Updated Apr. 25, 2017 12:24PM EDT / Published Oct. 15, 2009 2:32AM EDT

The New York Times Co. said Wednesday that it will not sell The Boston Globe after all, ending months of uncertainty about the future of New England's largest newspaper. Throughout the spring and summer, The Times had been exploring offers for the paper, its Web site, and another regional paper. Two such offers arrived Friday, and yet the company's top brass told workers that they've decided to stick together. It seems there was a price for the hemorrhaging newspaper property that was too low for Arthur Sulzberger Jr., who turned down bids that valued the Globe at $35 million and promises to take on another $59 million in unfunded pension liabilities.

Read it at The Boston Globe

Trump’s Sons Don’t Want ‘John Boltons’ in Next Admin: Report

Don Jr. and Eric Trump have reportedly taken the reins on assembling their father’s potential White House transition team.

Billie Eilish on Masturbation: ‘People Should Be Jerking It’

“Last year, I realized I wanted my face in a vagina,” Eilish told Rolling Stone in a new interview.

TikTok Investor Accused of Funding ‘OG Conspiracy Theorists’

Jeff Yass has reportedly contributed a total of $16 million to such groups in recent years.

NPR’s New CEO Strikes Back at Her ‘Bad Faith’ Detractors

Critics have resurfaced Katherine Maher’s past comments and questioned her objectivity.

Kanye West Wants to Open a Porn Studio: Report

A rep for the embattled artist told TMZ that he’s in “advanced talks” to set up the project as part of his Yeezy company.

Several Crew Injured in Crash on Set of Eddie Murphy Film

Eddie Murphy and the film’s other stars, Keke Palmer and Pete Davidson, weren’t on the set at the time.

‘Giant’ Coyote Spotted Prowling Central Park Spooks Joggers

Brett Cohn said the animal stopped him “in his tracks” on Saturday morning.

TikTok Star Eva Evans’ Cause of Death Revealed

The 29-year-old’s death shocked friends and family, as well as her more than 300,000 followers.

Times Co. Won't Spin Off Globe