Times Co. CEO suggests Globe is not for sale
Janet L. Robinson, President and Chief Executive Officer
The New York Times Company
Janet Robinson, chief executive of The New York Times Company, suggested today that The New York Times has no plans to sell The Boston Globe.
She also said that The New York Times Company has no plans to take the company private.
After speaking to The Boston College Chief Executives Club in Boston, Robinson told reporters, "The Boston Globe is an extremely important asset to The New York Times Company, and we feel it is on a very, very good course."
Later, asked if The New York Times Company, which is currently a publicly traded company, would go private, she said, "We have no intention of doing that. We've benefited from being a public company and having access to the capital markets."
In her speech, Robinson acknowledged the challenges facing newspapers and other traditional media as consumers and advertisers transition to the Internet and other technologies. But she dismissed predictions that "newspapers are on their deathbeds".
(By Robert Gavin, Globe staff)
