Red Sox Owner will now Control as he buys The Boston Globe

Owner of the Boston Red Sox will now control the domain as John Henry has bought the Boston Globe.

Boston Red Sox principal owner John Henry entered into an agreement early Saturday to buy The Boston Globe, a deal that will put the 141-year-old newspaper, its websites, and affiliated companies into the hands of a personally shy businessman with a history of bold bets.

The impending purchase for $70 million in cash marks Henry’s first foray into the financially unsettled world of the news media.

“The Boston Globe’s award-winning journalism as well as its rich history and tradition of excellence have established it as one of the most well respected media companies in the country,” Henry said in a statement. He cited the “essential role that its journalists and employees play in Boston, throughout New England, and beyond.”

Read full story here

{ 1 comment… add one }

  • Will August 3, 2013, 9:12 am

    The Globe is a pretty good large city newspaper with long standing traditions …. but traditions that have unfortunately include seriously left-slanted political bias just like it’s big sister the New York Times. Being a businessman, I would hope that John Henry can rejuvinate the Globe like he has the Red Sox organization. It’s time to open up the paper to present and represent all sides of the political spectrum, keep the best running parts of the organization, and take advantage of the potential synergies of owning The Boston Globe and and the Boston Red Sox. Way to dominate a market.


Leave a Comment