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Article: NY Times to Own Int'l Herald Tribune
- Article from:
- AP Online
- Article date:
- October 23, 2002
- Author:
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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PARIS (AP) _ The New York Times is buying out The Washington Post
and taking sole control of the Paris-based International Herald Tribune.
The Post told its reporters Tuesday that it agreed to the sale only
after the Times threatened to drive the Herald Tribune into ruin.
The Times said the sale was by mutual agreement but had no response
to the Post's charges, which represented a rare airing of dirty laundry
between two newspaper titans. The Times and the Post have equally
shared ownership of the Herald Tribune since 1991.
The terms of the sale were not disclosed. In an article on its Web
site, the Times said the purchase price was less than $75 ...