Tag: NYT

The New York Times Co. (NYSE: NYT) said on Friday that board of directors has agreed to pay quarterly dividend payout. The dividend payout will be the first one in almost last five years. The Company said that it will pay 4 cents per share on October 24 to class A and B shareholders as of record of on Oct. 9. At the height of financial crisis of 2009, The New York Times had suspended dividend payouts. The newspaper industry, in particular, was badly hit during the last recession.

According to the Wall Street Journal, sources familiar with the matter said that last month, New York Times Company (NYSE: NYT) was offered a formal bid which valued its Boston Globe subsidiary over $100 million, with about a third of the value coming from buyers assuming some of the newspaper’s pension liabilities.

Continue reading New York Times Received a Bid of More Than $100 Million for Boston Globe: The Wall Street Journal (NYT)