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Posts Tagged ‘Halifax Media Group’

Some Regional Media Group Staffers Already Getting Employment Offers

When the New York Times sold off its Regional Media Group to Halifax, the natural assumption was that many of the staffers on the 16 papers that were part of the deal wouldn’t be retained. However, some are already getting much better news. The Atlantic Wire received an anonymous email from a staffer on one of those papers, and that person had received a pleasantly surprising note offering employment:

Dear Regional Media Group Colleague,

On Tuesday, Dec. 27, you received an announcement from Michael that the Regional Media Group is being sold to Halifax Media Holdings LLC. We are pleased to inform you that Halifax has informed us that they will be offering you employment.

We are alerting you via e-mail as many people are out of the office due to the holidays and we wanted to be certain that you received this information quickly.

Should you have any questions, please speak with your publisher.

[The management]

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Times Company Sells Regional Media Group for $143 Million

The deal between The New York Times Company and Halifax Media Group that was leaked last week is now complete. The Times Company will sell its Regional Media Group, which consists of 16 regional papers, to Halifax for $143 million in cash. Why cash? We’re not sure. Maybe Arthur Sulzberger Jr. is planning a Vegas bash to escape the flak he’s catching and needs some cash for the casinos and… other entertainment venues that require cash.

A memo from the Regional Media Group announcing the deal was obtained by Jim Romenesko. It stated that staffers will find out their fate within 48 hours, and that “Halifax has decided who it will hire.”

Sulzberger, in a statement about the deal, attempted to praise the 16 papers no longer under the Times Company’s umbrella. He called them, ”trusted institutions in their communities.” Just not trusted enough to keep around.