The New York Times Co. Agrees To Sell The Boston Globe

The media company said it will sell the newspaper to the principle owner of the Boston Red Sox for $70 million, a fraction of the $1.1 billion it paid two decades ago.

Source: http://www.npr.org/blogs/thetwo-way/2013/08/03/208579489/the-new-york-times-co-agrees-to-sell-the-boston-globe?ft=1&f=1020

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