Media Moves

Times Co. Won't Spin Off Globe

The New York Times Co. said Wednesday that it will not sell The Boston Globe after all, ending months of uncertainty about the future of New England's largest newspaper. Throughout the spring and summer, The Times had been exploring offers for the paper, its Web site, and another regional paper. Two such offers arrived Friday, and yet the company's top brass told workers that they've decided to stick together. It seems there was a price for the hemorrhaging newspaper property that was too low for Arthur Sulzberger Jr., who turned down bids that valued the Globe at $35 million and promises to take on another $59 million in unfunded pension liabilities.