Times Co. to buy stake in free Boston paper
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The New York Times Co. , owner of The Boston Globe, said it will buy a 49 percent stake in Metro Boston, the free newspaper distributed to commuters.
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Cox Enterprises Inc. on Tuesday said  it will purchase Cox Communications Inc.'s COX.N minority  public stake for $8.3 billion, in a move to privatize the  publicly traded cable company and insulate it from the short  term demands of Wall Street.
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The Sun-Times Media Group Inc., the parent company of The Chicago Sun-Times, said Monday that it was considering a sale of the company and its assets.
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Media & professional: The Financial Times's parent company, Pearson, is seeking partners to mount a takeover bid for the Wall Street Journal.
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Medical device maker Boston Scientific Corp. said Tuesday that it made an equity investment in Reva Medical Inc. and secured an exclusive option to purchase the privately held San Diego firm, which is developing
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Acquiring the publisher of the Wall  Street Journal might appear to run against Pearson Plc&#39;s   current strategy of focusing on education, but a deal  could mean the eventual sale of its Financial Times newspaper.
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NEW YORK -- Time Inc. will prune its huge magazine portfolio, by seeking buyers for 18 of its smaller titles, leaving it to concentrate on larger properties like Time, People, and Sports Illustrated.
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BOSTON/NEW YORK  - Members of the Bancroft family, which controls Dow Jones & Co. Inc. , met in Boston on Monday to consider a $5 billion offer by Rupert Murdoch's News Corp   for the publisher of The Wall Street Journal.
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Pearson Plc, owner of the Financial Times, agreed to sell its 79 percent stake in Spanish publisher Recoletos Grupo de Comunicacion SA as part of a management buyout that values the company at 941 million euros ($1.2 billion).
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Despite a published report that the US Justice Department had opened a "preliminary inquiry" into The New York Times Co.'s plan to buy a 49 percent stake in Metro Boston, a spokeswoman yesterday said only that the department is "aware" of the proposed deal.
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The New York Times Co. stock jumped 7.5 percent yesterday, its biggest gain in almost six years, on reports that billionaire Maurice "Hank" Greenberg , former chairman of insurance giant American International Group, was snapping up shares of Times Co. in a bid to challenge its two-tier ownership structure.
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Morgan Stanley has sold its 7.2 percent stake in The New York Times Co. , people close to the matter said yesterday, marking the end of a bitter fight between one of the bank's asset managers and the company.
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A consortium of investment firms was   near a deal late Sunday to acquire Freescale Semiconductor Inc.   FSL.N for more than $16 billion, the New York Times reported   on Monday.
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Chip maker Freescale Semiconductor   Inc. FSL.N said on Friday it agreed to be bought for $17.6   billion, or $40 a share in cash, by a private equity consortium   led by Blackstone Group, in what could be the biggest leveraged   buyout of a technology company.
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The New York Times Co.'s move yesterday to write down the value of The Boston Globe and Worcester Telegram &amp; Gazette by $814 million reflects both the rapid shifts in technology and consumer habits undercutting traditional media as well as the challenges of the New England market.
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The New York Times Co. and Internet job search firm Monster Worldwide Inc. formed an alliance to sell help-wanted advertising, hoping to combine Monster's national brand with the local market penetration of Times Co. newspapers, including The Boston Globe.
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Dow Jones & Co., the publisher of The Wall Street Journal, will buy MarketWatch Inc. for about $519 million in a deal that would end a monthlong bidding war for the online financial news and information provider.