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Red Sox Owner Shows Interest in Buying 'Boston Globe'

Red Sox principal owner John Henry has signaled his willingness to take on the troubled Boston Globe as part of a deal to acquire The New York Times Co.'s stake in his baseball team. Insiders say that his talks with the NYT Co. are in the early stages.

Henry isn't commenting about his intentions, he but does say, "Baseball fans rely heavily on newspapers. No one wants to see a newspaper with a great, long-term history go away. Losing the Globe, the or any New England paper is a big loss for the Red Sox."

The New York Times Co. owns a 17.7% stake in New England Sports Ventures, owner of the Sox, Fenway Park and most of the New England Sports Network. The stake has been for sale for months. "Henry probably thinks that he could get [the package] for an attractive price, and he sees some synergies among having the Globe, the Red Sox, Fenway Park and NESN," says Andrew Zimbalist, economics professor at Smith College.

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