The Boston Globe to Expand Coverage of Personal Finance and Technology

Business Wire, Jan 24, 2000

Business Editors

BOSTON--(BUSINESS WIRE)--Jan. 24, 2000

The Boston Globe has announced it will expand its business coverage beginning in February with the addition of two special sections covering the areas of personal finance and technology. The new sections, called &uot;Money Matters&uot; and &uot;Technology and Innovation,&uot; will be published once each week.

&uot;Personal finance and technology are two areas of exploding growth with a huge amount of choices for individuals,&uot; said Globe Editor Matthew V. Storin. &uot;From the vast array of options to invest money to the latest inventions that will make our lives easier or more exciting, readers want to know more about money and technology. These new sections will help to fill those needs.&uot;

&uot;Money Matters&uot; will appear in the Boston Sunday Globe business section, starting February 6, and offer greater coverage of the many issues of personal finance. It will contain financial columnist Kenneth Hooker's Q&, and Money Makeovers -- a column focusing on improving an individual's financial situation -- along with weekly mutual fund reports, and personal finance column of Globe columnist Charles Jaffe. The section will also carry information about online investing, a new column on money and culture, and how-to features on topics such as leasing a car to applying for a mortgage.

&uot;Technology and Innovation&uot; will begin Monday, February 7. It will report on high-tech trends, companies, and personalities; the local high-tech industry; e-commerce and innovations in the industry; and events and issues from Silicon Valley in California.

The two expanded business sections are the latest of several additions and improvements the Globe has undertaken to enhance the paper. Last month, the paper announced that it opened a news bureau in California to cover technology in Silicon Valley. The Globe also said last month that it is beginning to convert its printing presses to a 50-inch web size and that it will undertake a graphic redesign. Both the new web size and the redesign will be completed later in 2000.

The Boston Globe, whose circulation ranks in the nation's top 15 for daily and top 10 for Sunday newspapers, is a wholly-owned subsidiary of The New York Times Company (NYSE: NYT), a diversified media company including newspapers, magazines, television and radio stations, and electronic information and publishing. The Company's core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment.

The Company, which had 1998 revenues of $2.9 billion, publishes The New York Times, The Boston Globe and 22 regional newspapers; publishes three magazines, including Golf Digest; and owns eight network-affiliated television stations and two New York City radio stations. It also operates news, photo and graphics services as well as news and feature syndicates. A division of the Company, Times Company Digital, operates Internet properties such as nytimes.com, boston.com and winetoday.com. The Company holds interests in one newsprint mill, one supercalendered paper mill and the International Herald Tribune S.A.S.