New York Post — The New York Times Co. isn’t bowing to pressure from dissident shareholders who want it to shed the Boston Globe and other assets.
Chief Executive Janet Robinson said yesterday that a Globe sale is unlikely given the lack of demand for daily newspapers.
The publisher also has no plans to sell its regional newspapers or its 17 percent stake in the Boston Red Sox baseball team, Robinson said at a Bear Stearns conference in Palm Beach, Fla.
The remarks fly in the face of demands by hedge fund investors Harbinger Capital Partners and Firebrand Partners, which together hold 19 percent of common shares. Harbinger and Firebrand want the Times to unload those assets and focus instead on Internet investments.
