Wednesday February 24, 2021

New York Times sells Boston Globe to Red Sox owner for $70 million – more than 10 times the NYT purchase price

John W. Henry, the principal owner of the Boston Red Sox, is picking up the Boston Globe, its websites and several affiliated companies for a cool $70 million in cash. That’s around 6 percent of the $1.1 billion the Times paid for the Globe alone in 1993. And the deal also includes the Worcester Telegram & Gazette, as well as its digital properties, which the Times bought for $300 million.  More…

Posted by at August 5, 2013
Filed in category: Business, News, Obvious, Tabloid,

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