Times Co. Execs to 'Boston Globe' Workers: Sale Not a Certainty

By: Executives at the parent company of The Boston Globe say that the newspaper's finances have improved significantly and that a sale is not a certainty.

The leaders of The New York Times Co. met with Globe employees Wednesday for the first time since Globe unions accepted pay cuts and other concessions in the face of a threat to close the newspaper.

Times Co. Chairman Arthur Sulzberger Jr. said the company had received some preliminary bids for the Globe and another newspaper owned by the company, the Telegram & Gazette of Worcester. Sulzberger said he would be giving the bidders tours of the facilities in the coming days. But he said the company was not in a position that it absolutely had to sell the newspapers.