New York Times Co., which is accepting bids for the Boston Globe today, is likely to fetch a price that’s about a 10th of what it paid in 1993, a sign of the industry’s deterioration over the past two decades.
Time Warner Inc. named Jack Griffin as chief executive officer of Time Inc. He will succeed Ann Moore when he joins the company at the end of September, the company said. Moore is retiring, the company said.
Time Warner Inc. is considering a deal that would send most of its magazines to Meredith Corp., according to a person familiar with the talks, putting titles such as People and Entertainment Weekly in the hands of the Iowa-based publisher of Better Homes and Gardens.