The Boston Herald’s Jessica Heslam reports that Red Sox principal owner John Henry has broached the idea of taking the Boston Globe off the New York Times Co.’s hands. The Times Co. is attempting to unload its 17.75 percent stake in the Red Sox.
Henry has a proven track record of building value. Any new owner for the Globe is likely to begin with deep cost-cutting. I’d rather see Henry wielding the scalpel than some other prospective owners doing it with a chainsaw.
On second thought: Given the state of the Globe’s finances, maybe I should say I’d rather see Henry do it with a chainsaw than someone else use tactical nuclear weapons.