New York Times Co., which put its Boston Globe newspaper up for sale this year, agreed to sell the publication to John Henry, owner of the Boston Red Sox baseball team, for $70 million in cash. The deal is $40 million short of the $110 million in pension liabilities said to be owed by the Globe properties collectively known as the New England Media Group, and is expected to close in 30 to 60 days. The sale also includes the Globe website, the Boston.com website, the Worcester Telegram & Gazette, a 49 percent stake in Metro Boston, and the Globe's direct-mail marketing company GlobeDirect, the New York Times said in a statement.
Henry is also the principal owner of Fenway Sports Group, one of the largest sports, media and entertainment companies in the world. In 2010, FSG bought Liverpool Football Club, the 18-time English soccer champion, and its Anfield stadium. The company also owns the New England Sports Network and a 50 percent share in Roush Fenway Racing, a NASCAR racing team. Bloomberg