“We have no intention to send the New England Media Group to the slaughterhouse."
-- New York Times Co. Vice Chairman Michael Golden, addressing Boston Globe employees today about how the publisher will sell the paper plus other assets in the New England Media Group. The NYT Co. paid $1.1 billion for the Globe in 1993; it may now fetch as little as $80 million, depending on who gets stuck with the pension plans.
Related: NYT Co. has already been secretly talking with a bidder for a year.
Earlier: Why Gannett won't be bidding for the Globe.