The New York Times Co. (NYSE:NYT), which has been struggling in its newspaper operations for years, will sell the Boston Globe, Bloomberg News said Wednesday.
The Times has engaged Evercore Partners Inc. to advise it about selling the Globe, which is its only remaining business outside the core New York Times media brand, Bloomberg said.
The company still owns the International Herald Tribune newspaper, which is sold in Europe.
The New York Times declined to comment on any possible sale.
Mike Obel assigns, edits and writes stories about business, markets, finance and economics. Before coming to International Business Times, he worked on the Finance Desk of...