M&A Deal Summary

The New York Times Acquires The Boston Globe

On June 11, 1993, The New York Times acquired publishing company The Boston Globe for 1.1B USD

Acquisition Highlights
  • This is The New York Times’ 1st transaction in the Publishing sector.
  • This is The New York Times’ largest (disclosed) transaction.
  • This is The New York Times’ 1st transaction in the United States.
  • This is The New York Times’ 1st transaction in Massachusetts.
Investment Fate
  • The Boston Globe was divested to a strategic buyer in 2013 for 70M USD.

M&A Deal Summary
Date 1993-06-11
Target The Boston Globe
Sector Publishing
Buyer(s) The New York Times
Deal Type Add-on Acquisition
Deal Value 1.1B USD

Target

The Boston Globe

Boston, Massachusetts, United States
The Boston Globe is a daily newspaper serving the Boston metropolitan area.

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Buyer(S) 1

Buyer

The New York Times

New York, New York, United States
Category Company
Founded 1851
Sector Publishing
Employees5,900
Revenue 2.4B USD (2023)
DESCRIPTION
The New York Times Co.'s corporate headquarters in New York City.
The New York Times Co.'s corporate headquarters in New York City.

The New York Times is a multinational media company. The Company's flagship news publication is the The New York Times newspaper, offered both in print and online. The New York Times was formed in 1851 and is based in New York City.

DEAL STATS #
Overall 1 of 8
Sector (Publishing) 1 of 1
Type (Add-on Acquisition) 1 of 7
State (Massachusetts) 1 of 1
Country (United States) 1 of 8
Year (1993) 1 of 1
Size (of disclosed) 1 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-09 Marco Island Eagle

Naples, Florida, United States

Marco Island Eagle is a weekly newspaper with a circulation of about 10,000.

Sell -
Mergr

Product

Company

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