The New York Times Company, has sold The Boston Globe and its other New England media properties to John W. Henry, principal owner of the Boston Red Sox. So now you have the main Boston paper covering the Red Sox, one of the most high profile Boston teams, owned by the Boston Red Sox.
Conflict of interest anyone?
This is surprising. Even the best online sportsbook around couldn’t see that one coming.
And you know what went on in this town, the Tribune company owning the Cubs. How did that shape Cubs coverage? Actually, you’d be surprised.
We’ll see how this shapes Red Sox coverage going forward. The Boston Globe was sold for $70 million. And that price shows you how much The Globe has been devalued since The Times bought in 1993 for $1.1 billion, the highest price paid for an American newspaper. Decreasing ad revenue, dwindling circulation, newspapers are drying up. This confirms it even more.
Paul M. Banks is the owner of The Sports Bank.net, a Fox Sports affiliate. He is also an analyst for 95.7 The Fan, and writes on Chicago sports media for Chicago Now. President Obama follows his Twitter account (@paulmbanks)