The Boston Globe May Finally Have a Buyer

There's a late Friday rumor that Boston Red Sox owner John Henry will buy the Boston Globe from the New York Times company, ending a long search for a buyer for the Boston paper. The report stems from sportswriter Peter Gammons, who cites an unnamed source or sources. Gammons says that Henry will purchase the paper on his own.

The rumor, while very very unconfirmed (we've asked the New York Times Company for comment), is not entirely out of the blue. Days ago, the Globe reported that Henry submitted a solo bid for the paper, soon after the New England Sports Network decided they were no longer interested in purchasing it. Previously, NESN, which is 80 percent owned by Henry's sports investment group, was one of six rumored potential buyers. 

The latest shopping round for the New England Media Group (which includes the Globe and a handful of websites) started earlier this year, and apparently at a lower price than they'd asked for previously. The New York Times Company purchased the Globe in 1993 for $1.1 billion. It's highly unlikely that they'd sell the media group for that price.