Journalism

Publisher of The New York Times Says the Paper is Not for Sale

The Washington Post and The Boston Globe were both sold this week

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Reason

The publisher of The New York Times, the New York Times Co., has said that the newspaper is not for sale. The statement comes in the wake of the announcement that The Washington Post is being bought by Amazon founder Jeff Bezos for $250 million and that The New York Times is selling the Boston Globe to John W. Henry, the principal owner of The Boston Red Sox, for $70 million.

From Reuters:

The New York Times is not for sale, its controlling family and publisher have said, the newspaper reported after a week in which both The Boston Globe and The Washington Post were purchased by new owners.

"Will our family seek to sell The Times? The answer to that is no," the publisher, Arthur Sulzberger Jr., who is also chairman of the New York Times Co., said in a statement reported on the newspaper's website.

Sulzberger Jr. said he and Vice Chairman Michael Golden had spoken to Donald Graham, chairman and chief executive of The Washington Post Co., about his decision to sell the Post and some smaller newspapers and stressed that the NY Times did not plan to follow a similar path.

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