• Red Sox owner Henry enters deal to buy Globe

    Summary of 4 articles · Updated Aug 3, 2013
    Businessman John Henry, the principal owner of the Boston Red Sox, has entered into an agreement to buy the Boston Globe. Henry said he would reveal details about his plans for the Globe in the next few days. The Times bought the Globe in 1993 for $1.1 billion from the family of former Globe executive Stephen Taylor. marks Henry's "first foray into the financially unsettled world of the news media," the Globe said Saturday. The Times announced in February it was putting the Globe and related assets up for sale four years after calling off a previous attempt to sell it. The Times said the all-cash sale, expected to close in 30 to 60 days, includes BostonGlobe.com, Boston.com, The Worcester Telegram & Gazette, Telegram.com, the direct mail marketing company Globe Direct and the company's 49 percent interest in Metro Boston, a free daily newspaper for commuters. The newspaper has faced difficulties in recent years as advertisers cut spending on newspapers and moved more ads online.

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