The Boston Glove Sold
The New York Times has sold the Boston Globe (and the other papers in its New England Media Group) to John Henry – the owner of the Boston Red Sox. The Times had purchased the paper in 1993 for $1.1 billion and Henry is paying, ahem, $70 million.
While I'm happy the papers will be under semi-local ownership, it does raise a significant ethical question in how well the Globe can cover the Red Sox …