John Henry recently tried to buy the globe through Fenway Sports Group via NESN, but it did not work out. Now, he is trying to buy it all on his own.
Red Sox owner John Henry has decided to make a bid to buy the Boston Globe on his own, after his group dropped out of the process more than a week ago, according to a person with direct knowledge of the matter.
Henry, now bidding as an individual, is one of several pursuing purchase of the Globe and the rest of the New England Media Group, which the New York Times Co. is selling. Others who have submitted offers include local investors and some from the west coast.
I don't know much about the newspaper business, except that it is a dying industry. I know they have branched out and have some online subscribers, but it is still not nearly as profitable as it once was, if at all.
When the New York Times announced they were trying to see the Globe again, it was said to be the most profitable of all the newspapers. It could have made a profit of $1 and it wouldn't surprise me.
John Henry is certainly a successful businessman, and wouldn't pursue the Globe purchase if there was nothing there. Plus, he could make sure the Sox get no negative pub.
To sum it up, I really don't care if he buys it or not.