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NY Times publisher says newspaper not for sale

Thursday, 8 Aug 2013 | 6:57 AM ET
The New York Times building in New York City.
Adam Jeffery | CNBC
The New York Times building in New York City.

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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Amazon.com founder Jeff Bezos agreed to buy The Washington Post for $250 million in a surprise deal that ends the Graham family's 80 years of ownership.

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The New York Times is selling The Boston Globe to the principal owner of the Boston Red Sox baseball team for $70 million in cash, a small fraction of what the Times paid for the newspaper 20 years ago.

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