The New York Times Sells Boston Globe

Times, technology and habits changed, for me and most Bostonians. As the Internet grew more pervasive, the Globe grew thinner and less substantial. Fast forward to today, as the New York Times announced it "agreed to sell The Boston Globe and its other New England media properties to John W. Henry, principal owner of the Boston Red Sox" for $70 million, a prolific drop in value, as The Times bought the Globe in 1993 for $1.1 billion. ..»