Summary:

The New York Times Company (NYSE: NYT) hopes to sell off another New England newspaper, the Worcester Telegram & Gazette, as part of a packa…

Boston Globe Newspaper Cover

The New York Times Company (NYSE: NYT) hopes to sell off another New England newspaper, the Worcester Telegram & Gazette, as part of a package effort to sell the Boston Globe, according to a letter sent to potential bidders by the banker Goldman Sachs. NYT got a copy of it and reports that the company was looking to seal the deal quickly. It wants to wrap up the first round bids by July 8 deadline, after which the company would choose which potential buyers would participate in a second round and would be allowed to submit binding offers. The two papers had some joint operations, so it would make sense to sell them together. Between the two, the buyer would need to assume the papers

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