The New York Times Company Sells Regional Media Group: After The New York Times Company said it was in advanced talks to sell off its Regional Media Group, it announced late Tuesday that it has agreed to sell 16 local papers to Halifax Media Holdings for $143 million in cash.
The papers span 6 states, including 5 in Florida, 3 in California, 3 in North Carolina, 1 in South Carolina, 2 in Alabama and 2 in Louisiana.
