By Kevin McCauley
The New York Times Co., which last week announced the surprising exit of CEO Janet Robinson, today confirmed that it is in “advance discussions” with Halifax Media Holdings to unload its 16-member regional group.
Those papers contributed $190M in nine-month revenue, which was down 6.7 percent from last year.
They are the Sarasota Herald-Tribune, Star-Banner in Ocala, The Gainesville Sun, The Ledger in Lakeland, and News Chief in Winter Haven, Fla.; The Tuscaloosa News, The Gadsden Times, Ala.; Star-News in Wilmington, Times-News in Hendersonville and The Dispatch in Lexington, NC; Herald-Journal in Spartanburg, SC; The Courier in Houma and Daily Comet in Thibodaux, LA, and The Press-Democrat in Santa Rosa, Petaluma Argus-Courier and North Bay Business Journal in Santa Rosa, CA.
The NYTC also publishes the Boston Globe and Worcester Telegram and Gazette. The company lost $98.6M this year following restructuring charges. Revenues were down three percent to $1.7B.
Robinson played a major role in transforming the New York Times to a national paper.
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