Red Sox owner to put turnaround savvy to test in buying Globe

Added Business

Christopher Mayer, the current publisher of the Globe, is seen as an innovative manager, Doctor said. Mayer has added new business lines such as a growing printing unit.

“Henry may still want to bring in someone new the way he did at the Red Sox with Theo Epstein,” Doctor said, referring to the general manager of his baseball franchise.

Epstein, who had become the youngest general manager of a baseball team in the history of Major League Baseball when he joined the Red Sox in 2002, eventually left the team to become president of the Chicago Cubs baseball team.

“There’s a lot Henry will have to get figured out with the Globe,” Doctor said.

Henry declined to elaborate on his plans for the newspaper.

Buffett’s Newspapers

Buffett’s Berkshire Hathaway Inc. has spent more than $342 million on 80 newspapers -- including its hometown paper, the Omaha World-Herald -- in recent years. Terry Kroeger, who runs the operation for Buffett, said they hope to generate profits by refocusing newspapers on urgent, local news that readers can’t get elsewhere.

“We’ve got to evolve with what people are looking for, and I think our industry has done kind of a crappy job with that,” Kroeger said in an interview published in December.

The Globe sale was one of two large media transactions that were announced over the past weekend. IBT Media, owner of the International Business Times, said it was acquiring Newsweek from IAC/InterActiveCorp, splitting it from the Daily Beast brand. Terms of the deal weren’t disclosed, according to a statement from IBT.

Henry has a net worth of at least $1 billion, according to the Bloomberg Billionaires Index, and was listed as the 18th-most powerful Bostonian by Boston Magazine last year. He got his start in baseball as a child, keeping scores and calculating batting averages in his head for his local Little League team in Forest City, Arkansas. Although Henry attended the University of California, he said he spent too much time playing guitar and touring with a band called Elysian Fields to bother graduating.

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