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New York Times Co. Pulls Worcester Paper Off The Market

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The New York Times Co. (NYSE: NYT) is two-for-two when it comes to selling properties in the New England market: two papers for sale, two pulled off the market. First the company halted sales efforts for the Boston Globe, now the company is taking the Worcester Telegram & Gazette off the market. The Globe has the memo to Telegram & Gazette employees from Chairman Arthur Sulzberger, Jr., and CEO Janet Robinson explaining that the paper is “making substantial progress in transforming every part of its journalistic and business operations”including cost custs and price increases — and “we are convinced that in partnership with the Boston Globe you are now prepared to move forward to a brighter future.”

Will we hear next that NYTCo is pulling back on its efforts to sell its stake in New England Sports Ventures? The subject is sure to come up when Robinson appears at UBS Tuesday.