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Red Sox owner John Henry will buy the Boston Globe from the New York Times Co. for $70 million cash, the Globe’s Beth Healey reports.
Henry’s purchase also includes the Worcester Telegram & Gazette, the Globe’s printing business, its websites and an interest in the commuter paper Metro Boston.
His offer beat reportedly beat bids by U-T San Diego owner Doug Manchester; Robert Loring of Revolution Capital, which owns the Tampa Tribune; and a group led by Ben and Steve Taylor, whose family once owned the Globe. Henry had previously been involved in a bid involving the New England Sports Network but launched a solo bid after that ended.… Read more