No doubt many folks at the Boston Globe are breathing a sigh of relief at the news that its corporate parent, the New York Times Co., plans to unload its 17.5 percent stake in the Red Sox. The conflicts of interest have been many — not over game stories, but over various Red Sox business ventures the Globe has had to cover over the years.
But hold on. I thought the main reason the Times Co. made this investment was because of the Sox’ 80 percent ownership of New England Sports Network. Globe sportswriters have been all over NESN, and some — especially Bob Ryan — have been quite good.
I imagine NESN would still want Globe people on the air. But doesn’t this mean the end of Globe exclusivity? I suppose NESN and the Globe could sign some sort of agreement, but that’s not the same as ownership.
Among other things, it strikes me that Sean McAdam, formerly of the Providence Journal and now of the Boston Herald, is an accomplished on-air performer, and would fit right in at NESN.
More: Adam Reilly wonders the same thing that I did when I first read the story: Is the Globe really worth just $20 million? I think it’s a typo. This suggests the Globe is worth $120 million. Of course, that’s shocking enough, given that the Times Co. bought the Globe for $1.1 billion back in 1993.