Red Sox Owner John Henry Enters Agreement to Buy Boston Globe

John HenryJohn Henry, principal owner of the Boston Red Sox, has entered into an agreement to purchase The Boston Globe, the newspaper announced.

In a tweet late Friday night and a story post on its website, Boston.com, early Saturday morning, the Globe said Henry, 63, will acquire the newspaper, its websites and affiliated companies for $70 million. The New York Times company sold the last of its stake, totaling $225 million, in 2012.

This is Henry’s first foray into news media, the Globe reports, after making a fortune in investment funds and building a sports empire that includes the Red Sox, Roush Fenway Racing, Liverpool Football Club and NESN.

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