Red Sox owner buys Boston Globe
August 3rd, 2013
09:35 AM ET

Red Sox owner buys Boston Globe

The New York Times Co. will sell The Boston Globe to sports magnate John W. Henry for $70 million, a fraction of the price it paid for the paper two decades ago.

The company paid $1.1 billion for the properties. The impending sale to the owner of the Boston Red Sox is for 6.3% of the price it paid.

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Filed under: Baseball • Boston • Economy • Massachusetts • Sports • U.S. • World Update
soundoff (3 Responses)
  1. banasy©

    Print is fast becoming irrelevant. What a loss, both monetary and in tradition.

    August 3, 2013 at 9:11 pm | Report abuse |
  2. the Internet kid

    What's a newspaper?

    August 3, 2013 at 10:29 pm | Report abuse |