Critics of current Red Sox - Boston Globe connections will go apoplectic over this nugget:
Previous coverage played down a Henry bailout, but I wouldn’t discount this one.
Separately on Tuesday, a source familiar with the matter told Reuters that hedge fund manager John Henry was looking at taking control of the Globe as part of a deal to buy the Times Co’s stake in New England Sports Ventures.
And in regard to the inevitable “17 percenter” sniping — I don’t care one bit if the Globe plays favorites with the Red Sox. It’s the equivalent to the Globe investing in — and covering — Boston-based theater productions. It’s entertainment, not news.
If Henry sees value in the Globe, and wants to use entertainment revenue to subsidize its newsgathering efforts (notice I didn’t say “newspaper efforts”), then more power to him. Slap a big “for entertainment purposes only” disclaimer on the Globe’s sports coverage and be done with it.