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Volume 24 No. 157
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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).