Comments for: Red Sox owner buys Boston Globe for $70 million

Posted Aug. 03, 2013, at 6:25 a.m.
Last modified Aug. 04, 2013, at 2:15 p.m.

The Boston Globe has been sold to Red Sox owner John Henry for $70 million in cash, a fraction of the $1.1 billion paid for it by New York Times Co. in 1993. The low price underscores the continued troubles plaguing the newspaper publishing industry as advertisers spend less on …


An earlier version of this story reported that The New York Times originally paid $1.1 million. The New York Times paid $1.1 billion.

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