Mediagazer: New York Times Sells Boston Globe to John Henry for $70M (Edmund Lee/Bloomberg)

3:25 AM ET, August 4, 2013

Top News:

Christine Haughney / New York Times:

New York Times Company Sells Boston Globe — The New York Times Company said on Saturday that it had agreed to sell The Boston Globe and its other New England media properties to John W. Henry, principal owner of the Boston Red Sox, returning the paper to local ownership after two decades …

Ken Doctor / Nieman Journalism Lab:

The newsonomics of John Henry buying The Boston Globe — It was a big auction — on paper. Literally. The storied Boston Globe, the 141-year-old Globe that has won 21 Pulitzers and dominated its region's reporting for so long, went for a song: $70 million.

Discussion: JIMROMENESKO.COM, The New York Times Company, WebProNews, The Boston Globe, Guardian and TechCrunch

Steve Buttry / The Buttry Diary:

Boston Globe lost 97 percent of its value in 20 years — In the past 20 years, a great American newspaper has lost 97 percent of its value. — The New York Times bought the Boston Globe in 1993 for $1.1 billion. The Times today announced the sale of the Globe and related New England properties …

Discussion: Forbes and @eclisham

Peter May / New York Times:

Red Sox Owner's Purchase of Boston Globe Worries Journalists — BOSTON — As the list of potential purchasers of The Boston Globe leaked out, the newspaper's longtime sportswriter and columnist Bob Ryan said his only thought was: please, let it be anyone but John Henry.

Discussion: The Daily Caller

Edmund Lee / Bloomberg:

New York Times Sells Boston Globe to John Henry for $70M — New York Times Co. (NYT), which put its Boston Globe newspaper up for sale this year, agreed to sell the publication to John Henry, owner of the Boston Red Sox baseball team, for $70 million in cash.

Discussion: Poynter

Tom McGeveran / Capital New York:

Newsweek has been sold to IBT Media, publishers of International Business Times; will remain ‘100% digital’ — Earlier today, IAC Interactive reached a deal to sell Newsweek, the remains of the old magazine in digital format, to the owners of the International Business Times.

Discussion: New York Times, Forbes, TechCrunch, @antderosa, Deadline.com, The Verge, @jeffjarvis, @jeffbercovici, FishbowlNY, @michaelroston, New York Magazine, The Wrap and Talking Biz News

PR Newswire:

IBT Media to Acquire Newsweek — Newsweek to Add to IBT Media's Growing Portfolio of Global News Brands Serving 30 Million Unique Users per Month — IBT Media (http://corp.ibt.com), an international digital-only news company, today announced that it has signed a definitive agreement to acquire Newsweek from IAC.

Discussion: AllThingsD and The Huffington Post

Peter Lauria / BuzzFeed:

Newsweek's New Owners Say They Bought “A Lot Of Cachet” — Less than a year after announcing that it would cease publishing in print, the remaining assets of Newsweek have been sold to IBT Media, publishers of the International Business Times. The deal, announced Saturday afternoon …

Adam Liptak / New York Times:

Court Rulings Blur the Line Between a Spy and a Leaker — WASHINGTON — The federal government is prosecuting leakers at a brisk clip and on novel theories. It is collecting information from and about journalists, calling one a criminal and threatening another with jail.

Discussion: Hullabaloo and The Huffington Post

Josh Gerstein / Politico:
NYT journalist fights ruling nixing reporter's privilege

Discussion: @froomkin

Aaron Couch / Hollywood Reporter:

John Palmer, NBC News Veteran, Dies at 77 — The journalist served as “Today” news anchor and White House Correspondent during his 40-year career with the network. — John Palmer, the journalist whose career with NBC News spanned 40 years, has died. He was 77.

Discussion: The Huffington Post, NBC Nightly News, Deadline.com, CNN and @tombrokaw

Ben Popper / The Verge:

A month after Google killed its beloved Reader, the market for paid RSS tools is booming — Without the search giant strangling the market, will RSS actually evolve? — It's been a month since Google Reader shut down, breaking users' hearts and bringing an end to a nearly eight-year run of RSS dominance.

Jon Russell / The Next Web:

Wall Street Journal becomes latest international news site to be blocked in China — China has blocked access to Wall Street Journal's local language website, putting the US publication in the same position as Bloomberg and New York Times which are also censored in the country.

Lisa Richwine / Reuters:

CBS retaliates, blocks online shows for Time Warner cable customers — (Reuters) - U.S. broadcast network CBS took its dispute with Time Warner Cable to the Internet, blocking access to shows on the CBS.com website for the cable operator's customers in New York and Los Angeles.