NYT Co. CEO says Boston Globe is not for sale
Boston Globe | Associated Press
New York Times Co. chief executive Janet Robinson flatly declared Wednesday that the Boston Globe “is not for sale," but acknowledged that the Times, as a publicly traded company, would have to entertain any offer made for the paper Casey Ross reports Robinson told Globe editors and reporters that she hasn't heard from Aaron Kushner about his plans to offer more than $200 million for the paper and reiterated that “we are not pursuing the sale of The Boston Globe." Ross writes:
Earlier yesterday, in a presentation at an investors conference in Boston, Robinson said the early success of the Times’ pay model “carries very positive implications’’ for the Globe. She also said Globe executives are not copying the Times’ approach, but rather have settled on an approach suited to Boston.
The Associated Press reports Times shares jumped 9 percent Wednesday after Robinson said at the J.P. Morgan investor conference that more people are paying for full access to its website than earlier believed. "From a standpoint of what we are seeing, we are very, very encouraged."