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View Full Version : New York Times Abandons Local Media



24/7 Wall St.
12-20-2011, 05:45 AM
24/7 Wall St. Daily News

It is strange that the New York Times (NYSE: NYT) would want to sell its local media group. Local papers are, in most cases, doing better than large metropolitan ones. Yet, Halifax Media Holdings probably will buy 16 papers from the large, New York-based company. The NYT local media group had $60 million in revenue [...]

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