The New York Times Company emphasized its belief in digital today with the post-market announcement that its nine-station Broadcast Media Group is for sale. President and CEO Janet Robinson said the move would allow the company “to sharpen our focus on developing our newspaper and rapidly growing digital businesses, and the synergies between them, thereby increasing the value of our company for our shareholders.” Revenues for 2006 are expected to hit about $150 million with an operating profit of about $33 million. Goldman, Sachs is advising. Release.
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