New York TImes will not Sell Boston Globe

The New York Times Company has decided not to sell The Boston Globe indicating that it did not think the bids it received were high enough to merit a sale.
The NY Times management had been considering shuttering The Globe because of heavy losses ($85 million estimated for 2009). But after deep cost cuts, some achieved in a bitter showdown with labor, the paper’s finances improved.
Two bidding groups reportedly had made preliminary offers of about $35 million cash and the assumption of pension obligations