NYT's $70M Boston Globe Sale Blocked Due To Class Action

Law360, Los Angeles (October 22, 2013, 10:24 PM EDT) -- A Massachusetts state judge has reportedly blocked the New York Times Co.'s proposed $70 million sale of the Boston Globe amid concerns newspaper carriers might not be able to collect a settlement in a class action against Globe subsidiary the Worcester Telegram & Gazette.

On Friday, Judge Shannon Frison issued the temporary restraining order preventing the sale of the New England Media Group from the Times to Red Sox owner John W. Henry, the Telegram & Gazette reported Tuesday. The parties had reportedly been prepared to...
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