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The New York Times Company Completes Sale of Its New England Media Group to John W. Henry

Sold for $70 million in cash

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine


The New York Times Company announced today the completion of the sale of its New England Media Group to an acquisition company owned by John W. Henry, the principal owner of Fenway Sports Group, for $70 million in cash, subject to customary adjustments. The company intends to use the net proceeds for general corporate purposes.

The principal properties that make up the New England Media Group are:
• The Boston Globe.
• BostonGlobe.com.
• Boston.com.
• Worcester Telegram & Gazette.
• Telegram.com.
• GlobeDirect, the Globe’s direct mail marketing company.

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