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Revolving Door Newsletter: 10.16.09
NYT Co. Keeps Boston Globe; New Yorker HiresOctober 16, 2009
After all that talk, The New York Times Co. decides not to sell the Boston Globe. The decision stems from a combination of the fact that cost-cutting measures are working (at least to a satisfactory extent) and the company deemed the bids to be too low. CEO Janet Robinson praised the employees for doing their part to help improve the bottom line. "We had this decision-making latitude because the Globe and Boston.com have been diligently and courageously transforming their business and their journalistic operations, and this transformation has made sure that the newspaper and the Web site ...