What Jeff Bezos Could Have Bought Instead of The Washington Post

Roy Peter Clark, senior scholar at Poynter Institute, said it was a "good sign" that the Times Co. did not sell The Boston Globe to the highest bidder.

"I think it means that [The Times Co.] took some responsibility for the future quality of the enterprise and the nature of the public service to the citizens of Boston," Clark said.

Clark said he is "delighted as someone who greatly admires the Globe, who loves newspapers and who believes there's still a future for newspapers."

"I'm glad they found a buyer who already has strong connections with the community that it wants to serve," Clark said.

Still, he said he was shocked by the declining financial value of The Boston Globe.

"It's not a journalism crisis in...it's an advertising crisis," Clark said. "It's confusion and disruption in the economic model that has supported the news business for decades."

Robert Tuchman, president of sports and entertainment marketing company in New York Goviva, said Henry snagged quite the steal with his purchase price. But he is skeptical about the investment value of the paper, in light of Henry's other sports-related investments, such as Liverpool soccer club, Nascar's Roush Fenway racing team, and the New England Sports Network.

The Boston Red Sox is the third most valuable baseball franchise in the country is worth $1.312 billion, following the New York Yankees ($2.3 billion) and Los Angeles Dodgers ($1.615 billion).

"I think there are tons of sports businesses he could have invested in for that amount with much more growth opportunity and upside," Tuchman said of Henry. "My take is owning the Boston Globe which covers the team that he owns is a situation that will raise some eyebrows around objectivity. I think there is a plus for him for that. Also he can tie in some multi-million dollar sponsorships for the Globe with the Red Sox and vice versa. It's basically like owning one of your media partners."

Here are recent sale prices and estimates of newspaper companies:

1. The Tampa Tribune: sold for $9.5 million in 2013

2. Philadelphia Media Network (includes Philadelphia Inquirer and Philadelphia Daily News): sold for $55 million in 2012, compared to $515 million in 2006

3. Tribune Company's newspaper portfolio (includes The Chicago Tribune and The Los Angeles Times): estimated $623 million

Here are the latest figures, according to Forbes, showing the least valuable teams of various American sports leagues.

1. National Football League, The Jacksonville Jaguars: $770 million

2. Major League Baseball, The Tampa Bay Rays: $451 Million

3. National Baseball League, Milwaukee Bucks: $312 million

4. National Hockey League, St. Louis Blues: $130 million

5. Richard Petty Motorsports, Nascar: $50 million

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