The New York Times (NYT) gains 1.7% AH after announcing it has agreed to sell its Regional Media...


The New York Times (NYT) gains 1.7% AH after announcing it has agreed to sell its Regional Media Group, which owns 16 regional newspapers and various other publications, to privately-owned Halifax Media Holdings for $143M in cash ($150M in post-tax proceeds). The transaction is expected to close in Q1 2012.

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