Henry to Sell Telegram & Gazette
WORCESTER, Mass. (AP) — The new owner of the Telegram & Gazette of Worcester says he’s putting the newspaper up for sale.
Principal Boston Red Sox owner John Henry purchased the paper last month when he acquired the New England Media Group from The New York Times Co. — a $70 million deal that included The Boston Globe.
Henry has promised to help bolster the Globe’s finances, but had said little about his ownership of the Worcester paper.
On Tuesday, Henry visited the paper’s offices, according to a report posted on the paper’s website. Henry apologized for waiting so long to visit the paper and announce his plans to put the institution up for sale.
Henry said no sale was imminent and that his preference is to find someone in Worcester to acquire ownership of the 147-year-old company.
John Gormally, owner of WGGB and BusinessWest Magazine, was a finalist to purchase The Boston Globe, but says he has no interest in the T&G, “If I were to buy a newspaper, it would be my local paper, The Republican”.