BOSTON (June 19, 2013) – The Boston Globe and the Boston Herald announced today that they have reached a new 10-year agreement that will allow the Globe to print the entire press run of the Herald beginning on or about July 1, 2013.
Under an existing agreement, the Globe prints and delivers about one-third of the Herald’s print circulation. Since 2012, The Globe began printing and delivering The Herald’s city edition Sunday through Friday, as well as the newspaper’s full press run on Saturdays. The Globe and the Herald remain separate companies.
“This agreement represents an important component for the future of our business,” said Richard E. Masotta, Globe vice president of operations. “This allows the two major publications in Boston to coordinate in order to better meet the structural challenges of our industry.”
Boston Herald Publisher Patrick Purcell said, “The newspaper industry, as well as other traditional media companies, has undergone a radical transformation in recent years. In the face of that change, it has never been more important for newspapers to implement ways in which they can be more efficient. The Herald and The Globe both recognize this. While we will continue to compete for readers and advertisers, we also recognize that we can serve those audiences better and longer by cooperating in areas that are cost effective.”
About The Boston Globe
The Boston Globe is wholly owned by The New York Times Company, a leading global, multimedia news and information company with 2012 revenues of $2.0 billion that includes The New York Times, the International Herald Tribune, The Boston Globe, NYTimes.com, BostonGlobe.com, Boston.com and related properties. The Company’s core purpose is to enhance society by creating, collecting and distributing high-quality news and information.