Poor Boston Red Sox owner and newlywed John Henry: His hedge fund, John W. Henry & Co., is reportedly down from $2.5 billion to a mere $188 million.
That’s the B-to-M Jackpot® every hedge fund fears.
Consequently Henry has slashed a quarter of the staff from his Florida-based casino- a move both the Boston Herald and the Boston Globe reported Saturday.
Here’s the thing: The Herald stuck the story into The Ticker business briefs (although it’s gone now from the website version and doesn’t come up in the Herald’s search engine).
The Globe, meanwhile, featured it on the first page of its Business section (albeit below the fold on what was Page 5 Metro).
Even so, what does it say when the local broadsheet partly owned by Henry spotlights the story, while the feisty local tabloid locked in a death match with its archrival buries the story?
Says the newspaper business is the gift that keeps on giving.
Campaign Outsider 
What are you smoking? Henry doesn’t own the Globe.
The parent company of the Globe owns a minority stake in the Red Sox that it is hopes to sell within the next few months.
You’re right – I bollixed that up. It should have read “Even so, what does it say when the local broadsheet owned by one of Henry’s partners (Globe parent company New York Times Co. owns 17% of the Red Sox) . . . ” I stand chagrined and corrected.
I get to read you in the morning, and watch Jay Leno in the evening. Life is good!
The part that I hate is when I don’t get the references. Please explain about the B-M Jackpot ™.
Jim Mulligan
Thanks for the kind words, Jim. The B-M Jackpot was a sort of lame way to characterize the descent from Billions to Millions.