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Latest The New York Times Company Stories

2010-03-17 07:00:00

TROY, Mich., March 17 /PRNewswire-FirstCall/ -- First Quarter Highlights Net revenues of $13.1 million, up 18 percent. Income before income taxes of $3.1 million, up 45 percent. Net income of $2.0 million, up 57 percent; $0.16 per diluted share. Somanetics adjusts full-year guidance to net revenues increasing 12 to 15 percent over 2009 to approximately $56 million to $57.5 million, and operating margin to be approximately 17 to 20 percent, excluding litigation expense. Somanetics...

2010-01-21 15:40:00

SAN FRANCISCO, Jan. 21 /PRNewswire/ -- The Bay Area News Project, a new non-profit media organization, and The New York Times announced today that the two organizations are moving forward with a content collaboration. Under the agreement, Bay Area News Project journalists will provide branded news to The New York Times for its San Francisco Bay Area editions on Friday and Sunday. The New York Times's Bay Area section was launched in October 2009 and currently features editorial coverage...

2009-09-01 08:33:00

BURLINGTON, N.J., Sept. 1 /PRNewswire-FirstCall/ -- The New York Times and Franklin Electronic Publishers Incorporated (NYSE Amex: FEP) have inked a licensing agreement to broaden the range of handhelds Franklin will offer under The New York Times trademark. Earlier this year Franklin and The New York Times announced a licensing agreement for the #1 selling SET(R) game and are now expanding their relationship to offer The New York Times branded mind stimulating products ranging from...

2009-08-07 11:15:06

Two top executives at the New York Times Co. said its Boston Globe newspaper had wrung enough concessions from labor to ensure its survival. Chairman Arthur Sulzberger Jr. and Chief Executive Officer Janet Robinson said the concessions won from unions earlier this summer had allowed the Times to retreat from having to sell the venerable 137-year-old Boston daily. The Times confirmed it had hired Goldman Sachs & Co. to explore possibly selling the Globe. "We are exploring that (selling) as...

2009-07-20 21:00:42

Boston Globe reporters and editors voted Monday to accept a new contract that gives the financially struggling newspaper $10 million in concessions. Members of the Boston Newspaper Guild, the Globe's largest union, rejected a similar deal in June by 12 votes out of more than 500 cast. Globe owner New York Times Co. then instituted a 23 percent wage cut to achieve the $10 million in savings it demanded. The guild's nearly 700 members approved the contract by a vote of 366-179, The New York...

2009-07-20 11:46:10

Boston Globe reporters and editors voted Monday on whether to accept a new contract that gives the financially struggling newspaper $10 million in concessions. Members of the Boston Newspaper Guild, the Globe's largest union, rejected a similar deal in June by 12 votes out of more than 500 cast. Globe owner New York Times Co. then instituted a 23 percent wage cut to achieve the $10 million in savings it demanded. If the Guild's nearly 700 members approve the contract, they would help put into...

2009-06-24 10:22:43

Officials of the Newspaper Guild in Boston have reached a tentative agreement with The Boston Globe that could end months of acrimonious negotiations. Union members voted down a previous contract agreement that would have saved the company $10 million in operational costs. The new agreement also saves The New York Times Co., owners of the Globe, $10 million, but shifts savings from a steeper salary cut offered in the first agreement to reductions of other benefits, The Boston Globe reported...

2009-06-15 13:27:00

Loyal Globe Readers Call on New York Times Company to Treat Workers Fairly as Union, Company Set to Meet BOSTON, June 15 /PRNewswire/ -- As leaders of the Boston Globe's largest union prepare to meet with the New York Times Company today, Globe readers continue their outpouring of support for Globe workers and the institution's vital mission of journalism and free speech. Readers across New England who signed on to help "Save The Boston Globe" have expressed their hope that the New York...

2009-06-12 14:27:45

Three businessmen in Boston are actively considering putting in bids to purchase the Boston Globe, sources knowledgeable about the possible sale say. The anonymous sources said the three individuals contemplating a purchase of the newspaper include Boston Celtics co-owner Stephen Pagliuca, Partners HealthCare Chairman Jack Connors and former Globe executive Stephen Taylor, the newspaper reported Friday. The sources said the businessmen are each attempting to assemble possible investors for a...

2009-06-10 15:11:41

The New York Times Co. is shopping around for a buyer for The Boston Globe, sources who said they were considering bidding on the newspaper said. The Boston Globe reported Wednesday that the Times Co. had hired Goldman Sachs to oversee a possible sale. The Times previously hired Goldman Sachs to help it sell its 17.5 percent share of the Boston Red Sox, the newspaper said. One of the potential buyers said hiring a company to explore interest in the Globe doesn't mean they have said they are...