{"id":26466,"date":"2012-01-09T13:15:19","date_gmt":"2012-01-09T18:15:19","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2012\/01\/09\/new-york-times-sees-after-tax-proceeds-of-about-150-million-from-sale-to-halifax\/"},"modified":"2012-01-09T13:15:19","modified_gmt":"2012-01-09T18:15:19","slug":"new-york-times-sees-after-tax-proceeds-of-about-150-million-from-sale-to-halifax","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/01\/09\/new-york-times-sees-after-tax-proceeds-of-about-150-million-from-sale-to-halifax\/","title":{"rendered":"New York Times Sees After Tax-Proceeds Of About $150 Million From Sale to Halifax"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"540\" height=\"300\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v4f0a101fc5bcf946bd83fa9cedfcf24ce995fd8d&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v4f0a101fc5bcf946bd83fa9cedfcf24ce995fd8d&#038;tgt=grabnetworks\"\/><\/object><\/div>\n<\/p>\n<p>The New York Times Company (NYSE:NYT) and Halifax Media Holdings closed the sale of The New York Times Company Regional Media Group to Halifax for $143 million in cash, subject to certain adjustments.The Times Company will record an after-tax gain on the sale in the Q1 12 and estimates the net after-tax proceeds from the sale, including a tax benefit, will be approximately $150 million. The Times Company will use the net sale proceeds for general corporate purposes, the company said.The New York Times (NYSE:NYT) has potential upside of 2.7% based on a current price of $7.79 and an average consensus analyst price target of $8.<\/p>\n<p><img src='http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/01\/07\/0_xm5bjk5m_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/01\/07\/0_xm5bjk5m_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New York Times Company (NYSE:NYT) and Halifax Media Holdings closed the sale of The New York Times Company Regional Media Group to Halifax for $143 million in cash, subject to certain adjustments.The Times Company will record an after-tax gain on the sale in the Q1 12 and estimates the net after-tax proceeds from the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/01\/09\/new-york-times-sees-after-tax-proceeds-of-about-150-million-from-sale-to-halifax\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;New York Times Sees After Tax-Proceeds Of About $150 Million From Sale to Halifax&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-26466","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=26466"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26466\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=26466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=26466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=26466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}