SBD/Closing Bell

Sources: Saturday Is Closing Date For Henry's Boston Globe Purchase

Sources confirmed that Saturday is the "newly scheduled date" of Fenway Sports Group co-Chair John Henry's planned purchase of the Boston Globe and parent New England Media Group from The N.Y. Times Co. Henry bid to acquire NEMG for $70M, but sources said that the "ultimate sale price is likely to be in the range" of $65M in light of "various cost and administrative arrangements." The final deal price also is "likely to reflect the recent defection of a majority of the Globe’s auto-classified sales team to Cars.com" (BIZJOURNALS.com, 10/16).
Return to top
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug