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Times doesn't separate Globe revenue from Times revenue in its financial statements. But the Globe had an average weekday circulation of 230,351 in the six months through September, up 12 percent from a year ago, according to the Alliance for Audited Media. The newspaper's increase in digital subscriptions more than offset declines in print. But the total is still down significantly from the nearly 413,000 it boasted in September 2002. Wednesday's announcement follows the sale of several Times assets recently. In September, the newspaper company sold its About.com website and related businesses for $300 million to Barry Diller's IAC/InterActiveCorp. In January 2012, the Times sold its regional media group to Halifax Media Holdings for $143 million. Asset sales helped triple net income in the final quarter of 2012 to $176.9 million, or $1.14 per share, as revenue grew 5 percent to $575.8 million. Without the sales, earnings per share would have fallen. Analyst Edward Atorino with The Benchmark Co. said he views the sale as part of a strategy by the Ochs-Sulzberger family that controls the Times Co. to delist as a public company and go private. "They're selling everything not nailed down," Atorino said. "The family will simply take the Times private. That's the only logical end game." The Times Co.'s stock has fallen precipitously in recent years from above $50 in 2002 to around $4 during the depths of the recession in 2009. Since then, the stock has recovered somewhat, closing down 4 cents at $9.03 on Wednesday shortly after news of the sale broke.
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