Times Co. Will Hold On to Boston Globe

By Laura Reid

After months of trying to find a buyer for the Boston Globe, The New York Times has decided to not sell the newspaper.

The decision to sell The Globe came because of poor profits being produced. But The Globe saw better results recently which prompted The New York Times, which has owned the New England newspaper since 1992, to decide to keep it, although talks about selling The Telegram & Gazette.

While I think this is a good, short-term decision, the newspaper in the long-run is not going to last, not even The New York Times newspaper will survive the world of technology. But I think this will at least keep jobs for a little while, which is one of the reasons The Times decided not to sell as well; they didn't want more jobs lost.

(Photo Credit: Joe Schlabotnik)