NYT sells Boston Globe to John Henry
Why Didn't the Boston Globe Sell to the Highest Bidder?
This weekend, The New York Times Co. sold the Boston Globe to John W. Henry, the owner of the Boston Red Sox. Henry paid $70 million. (Or negative $40 million, by more realistic calculations.) Oddly, several other bidders made higher bids than Henry. Why did the NYT Co. leave that money on the table?
http://gawker.com/why-didnt-the-bost...der-1032049882