TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

NY Times Rumored to Sell The Boston Globe to John Henry, Boston Red Sox Owner [Update]

All the speculation about who will be the new owner of the Boston Globe might have just ended, via a baseball journalist’s digging. Peter Gammons is reporting that the New York Times is selling the paper to John Henry, the owner of the Boston Red Sox.

Henry wasn’t among the main rumored buyers, but he apparently submitted his own bid after the New England Sports Network pulled out.

We’ve reached out to the Times for comment, and we’ll update when we hear back.

Update (8/3 9:25 am):
The Times has confirmed that Henry is the new owner of the Globe. He is purchasing it for $70 million in cash, a far cry from the $1.1 billion the Times paid for it in 1993.

The deal involves the Globe and its sites, BostonGlobe.com and Boston.com; The Worcester Telegram & Gazette and its site, Telegram.com; the Globe’s direct mail marketing company; and a 49 percent interest in Metro Boston, the free daily paper.

“This is a thriving, dynamic region that needs a strong, sustainable Boston Globe playing an integral role in the community’s long-term future,” Henry said in a statement. “In coming days there will be announcements concerning those joining me in this community commitment and effort.”

Henry, a Boston resident for the past 10 years, owns Fenway Sports Group (FSG). That company owns the Boston Red Sox and the soccer club Liverpool F.C. FSG also owns Fenway Park and 80 percent of the New England Sports Network.

The Globe’s sale is expected to close within the next two months.

Mediabistro Course

Freelancing 101

Freelancing 101Learn how to manage a top-notch freelancing career! Starting December 1, you'll hear from our expert speakers on the best practices for launching a freelancing career, from the first steps of self-advertising and marketing, to building your schedule and managing clients. Register now!