Beantown is bad news for Times

The New York Times is getting dragged down again by declining business at its Boston Globe group, which Wall Street investors want the Times to dump to protect the mother ship.

The Globe unit's ad revenue in April tumbled 12 percent in the widening economic slump, while the Times withstood serious declines with just a 0.7 percent drop in its ad revenue. Its 16 other regional papers suffered a 16.4 percent drop in ad business.