What the Experts Say About the Boston Globe and Telegram Sale
Monday, August 05, 2013
On Saturday morning, August 3, at 3 A.M., the New York Times Company confirmed the sale of the Boston Globe, Worcester Telegram, and other New England assets to John Henry in an all-cash, $70 million deal.
Go Local reached out to top experts on media to get their perspective on the transaction, and insights as to what this means for the future of the paper, as well as industry as a whole. The Boston Globe, once the biggest force in media, has been in decline over the past decade, and now faces an uncertain future.
Henry bought the Globe individually and outside of the Fenway Sports Group, making this his first effort in the news media business. After making a fortune in investment funds, Henry has built a diverse sports group that includes the Red Sox, Roush Fenway Racing, Liverpool Football Club, and NESN.
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Read what the experts have to say about the deal:
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