Monday, August 5, 2013

With The Impending Sale Of The Globe, What Are John Henry's Plans for RadioBDC?

As you probably heard over the weekend, Red Sox principal owner John Henry purchased The Boston Globe for $70 million, a hefty sum but far less than what others predicted the paper would sell for. The cash strapped newspaper has struggled recently with declining ad revenues and subscriptions, devaluing the paper from the $1.1 billion behemoth it was when The New York Times purchased the paper in 1993.

With the sale of the paper, John Henry will take over all of The Globe's subsidiary websites, including Boston.com, which is home to RadioBDC which will be celebrating its 1 year anniversary next week. It's unclear what his intentions are for the website, but judging from past instances of new ownership taking over companies, it's highly plausible that the station would most likely either switch formats or discontinue altogether. It's unknown what numbers RadioBDC currently takes in as those listener numbers aren't made public, but the station's future is a bit murky at this point as it doesn't seem likely that Henry would keep the station in its current format. The sale is expected to close in approximately 30 to 60 days, so any changes that are made won't be announced for the next month or so.   

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