During an interview with reporters following an event in Boston, New York Times Co. Chief Executive Officer Janet Robinson said the company has no intention of taking itself private.
“We have benefited from being a public company and having access to the capital markets,” she added, noting that the Sulzberger family has a 20% equity stake in the company.
Robinson also said that the company feels the Boston Globe, which is owned by the company, “is on a very very good course going forward.”
When asked if the New York Times would consider selling the financially troubled Globe, Robinson answered, “We are very pleased with this asset and we truly consider it an asset.”
You’d better check your wallet after reading that.
She seems happier than NYT’s investors.
The only good news is the appointment on Friday of Lucy Bartholomay to the newly created position of managing director, product innovation.
Bartholomay, currently the newspaper’s deputy managing editor over design and photography, will be in charge of creating niche publications and cross-media services for the company.
She is 55 and joined the paper in 1981 as a designer.
What a challenge for Lucy!
