John Henry takes reins at Boston Globe

Written By Unknown on Sabtu, 26 Oktober 2013 | 00.32

Red Sox owner John Henry officially took over The Boston Globe yesterday, right after a Worcester judge lifted a temporary restraining order that had blocked the $70 million cash deal since last Friday.

"The sale has been finalized," said Globe spokeswoman Ellen Clegg.

The deal had been on hold after a ruling by Worcester Superior Court Judge Shannon Frison in a class-action lawsuit brought by newspaper carriers at the Worcester Telegram & Gazette.

The four named carriers in the suit had argued they were wrongly classified as independent contractors and were owed mileage and expenses, which could add up to as much as $60 million for the approximately 1,500 carriers, according to court documents.

Henry's deal, which was completed within about an hour of the release of the judge's decision, includes the Globe, Boston.com, the Telegram and all related properties, including the broadsheet's Dorchester headquarters, seen as the most valuable asset.

Henry has been tight-lipped about his short- and long-term plans for the Globe, but has frequently visited the news plant.


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