“Times Co. Will Hold On to Boston Globe”

In Uncategorized on October 20, 2009 at 8:51 pm

Yay! The Globe won’t close and the Times is keeping it. There’s still hope for Boston journalists.

Though one of the reasons for the Times’ decision is that they did not have significant offers from buyers, keeping the Globe alive indicates some confidence in its future. Though estimates indicate finances are not in the black, it’s not bleeding losses as it was projected to earlier this year due to some rough cost-cutting measures.

It’s not all good news, it’s more promising that a shut-down.


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