Red Sox Owner Enters Deal To Buy Globe
Posted: Sat Aug 3, 2013 1:47 pm
John Henry, the principal owner of the Boston Red Sox, has entered into an agreement to buy The Boston Globe for $70 million.
The purchase price represents a massive drop from its record $1.1 billion price two decades ago.
The deal will give Henry the 141-year-old newspaper, its websites and affiliated companies.
Via Associated Press