Red Sox Owner will now Control Boston.com as he buys The Boston Globe

Owner of the Boston Red Sox will now control the domain Boston.com as John Henry has bought the Boston Globe.

Boston Red Sox principal owner John Henry entered into an agreement early Saturday to buy The Boston Globe, a deal that will put the 141-year-old newspaper, its websites, and affiliated companies into the hands of a personally shy businessman with a history of bold bets.

The impending purchase for $70 million in cash marks Henry’s first foray into the financially unsettled world of the news media.

“The Boston Globe’s award-winning journalism as well as its rich history and tradition of excellence have established it as one of the most well respected media companies in the country,” Henry said in a statement. He cited the “essential role that its journalists and employees play in Boston, throughout New England, and beyond.”

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Raymond Hackney

Raymond Hackney

Raymond Hackney is a writer and domain investor/consultant from Philadelphia. Raymond is the founder of TLDInvestors.com and 3Character.com.