NEW YORK ( TheStreet) -- John Henry, the owner of Major League Baseball's Boston Red Sox, purchased the Boston Media Group from the New York Times (NYT) last week, and TheStreet's Brittany Umar and TheDeal's Chris Nolter discussed why.The most prominent part of the Boston Media Group is the The Boston Globe. Henry, who clearly has a stake in the Boston community, scooped up the struggling business in the hopes that he can turn it around.
Quick Take: Why John Henry Bought the Globe
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.