Boston Billionaire Buys Globe

August 5th, 2013

John Henry Boston Globe

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)

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