Shearman & Sterling is representing John W. Henry in a $70 million all-cash acquisition of The Boston Globe and the New England Media Group from The New York Times Company. Henry is the principal owner of Fenway Sports Group.

In addition to The Boston Globe, New England Media Group properties include BostonGlobe.com, Boston.com, Worcester Telegram & Gazette, Telegram.com and GlobeDirect, the Globe’s direct mail marketing company.

The Shearman & Sterling team includes partners David Connolly (New York-Mergers & Acquisitions), Creighton Condon (New York-Mergers & Acquisitions), John Cannon (New York-Executive Compensation & Employee Benefits), Michael Shulman (Washington, DC-Tax), Roger Baneman (New York-Tax), John Opar (New York-Real Estate) and Samuel Waxman (New York-Intellectual Property Transactions).