John Henry, the principal owner of the Red Sox, just purchased the Boston Globe from the New York Times Co. And he paid less for the newspaper than he did for his first baseman. Two decades ago, the NYT Co paid $1 billion for the Globe. Henry just picked up the newspaper and its associated properties for $70 million. I’ve always wanted to have a column in a major American newspaper. Now I realize that if I just wait long enough, I can buy one and hire myself.

+ Newsweek gets dumped again. This time, IBT Media is the acquirer of the publication. Its last owner, Barry Diller, called his purchase of Newsweek a “mistake” and a “fool’s errand.”