The New York Times : Let it Bought

The New York Times Co., on Tuesday (12/27) said that they would sell 16 regional newspapers are small in scale to the Halifax Media Holdings LLC at a price of 143 million dollars in the United States (U.S.).

"Regional Media Group Sales will memmapukan The New York Times Company to continue our transformation that will focus on digital media and multiplatform company," said Chairman of
The New York Times, Arthur Sulzberger.

Last year, according to the company's annual report, the regional media group accounted for 11 percent of total revenue The Times Co. is valued at 2.4 billion U.S. dolas.

The Times Co., like other newspaper publishers, in recent years struggled to get the ads. Because advertisers prefer media that is cheaper on the internet to put their ads than newspaper. The Times Co. also tried to seize the ads the advertisers by focusing on the digital version.

U.S. giant publishing company said, on December 19 last, they had talked more about the sale of the Halifax regional newspaper group Media. The announcement comes just four days after the announcement of the resignation of The Times CEO Janet Robinson.