Times keeps Globe

Boston Globe logoAfter months of forcing cutbacks and considering bids, The New York Times Company decided to keep the Boston Globe after all.  College of Communication Dean Tom Fiedler, a Pulitzer-winning former Miami Herald executive editor, says the key reasons were the “stunningly low” offers and the new optimism about the Globe’s prospects.

“Add to that significant new revenue from a hike in the Globe’s price and the gradual return of recession-battered advertisers, and the Times may be envisioning a balance sheet in the black.”

Contact Tom Fiedler, 617-353-3488, tfiedler@bu.edu