The New York Times wants out of the Bay State
Scoops Here. It is no surprise to us now that the New York Times wants nothing left to do with the Boston Globe, but talks are now circling around the Worcester Telegram. The Times Company bought the Telegram in 2000 and are now looking to ride itself of yet another Bay State paper. What’s up with that!
What is up is that in April, the Telegram’s parent company reported a first-quarter loss of $74.5 million. Executives by then already forseeing grim results for the second quarter that ends next week.
Why such bleak circumstances? Same ole, same ole…declining advertising dollars.
Good for the Telegram is their online presence @ telegram.com. In a March ABC report, the Web site had 629,704 unique visitors that month. Page views for the same month were more than 9 million.
Check out the full story for more information.