Red Sox owner John W. Henry has purchased The Boston Globe from The New York Times for $70 million.
According to the Alliance for Audited Media, the paper has an average total circulation (including digital) of 245,572 — making it the 24th-largest newspaper in the country.
“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.
See Forbes coverage of the acquisition here.
(Photo credit: Stan Grossfeld/Globe Staff/File 2007)