New York Times sells Boston Globe for $70M


Boston Red Sox owner John Henry buys the Boston Globe from New York Times Co. (NYT) for $70M in cash, far less than the $100M price tag a deal for the paper was expected to fetch.

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  • genomegk
    , contributor
    Comments (576) | Send Message
     
    The Times bought the Globe in 1993 for 1.1 billion (1.72 billion in 2012 dollars).
    4 Aug 2013, 08:38 AM Reply Like
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