Jul 1, 2011, 5:10 PM EDT
The New York Times has held a minority share in the Boston Red Sox — well, technically its parent company, Fenway Sports Group — for several years. When I first learned this I tried hard to see if their coverage of the Red Sox was at all biased, but I could never find any evidence of it. The sports writing was straight up. The non-sports stuff was all about how fundamental problems facing American society were affecting upwardly mobile Manhattanites, so that was unchanged too.
Anyway, the Times is cashing in on some of the Sox stock. Today it was announced that it has sold 390 units of Fenway Sports Group stock, which represented more than half of its holdings in the company, for $117 million. They will continue to own 7.3% of FSG.
No word on what they’re going to invest their profits in. Might be wise to invest in a better means of protecting people from navigating around their pay wall. I’ve had a harder time making it from my living room to the john than I have getting their premium content for free. No matter the case, the Times will no doubt be ON IT.
- Lance Lynn expects to make next scheduled start despite suffering ankle injury Saturday 1
- Cubs expected to call up Javier Baez on September 1 3
- Settling the Score: Saturday’s results 13
- A fan died at Turner Field after falling from the upper deck 51
- Mets acquire Addison Reed from the Diamondbacks 10
- Vin Scully says 2016 will be his last season of broadcasting 30
- Edwin Encarnacion slugs three home runs as Blue Jays thrash Tigers 18
- Mark Teixeira says he’s having “serious pain” when he tries to run 14
- Sarah Palin sticks up for Curt Schilling, tells ESPN to “stick to sports” (265)
- Dan Patrick: When does ESPN cut ties with Curt Schilling? (200)
- Curt Schilling taken off of Little League World Series duty for making a really bad tweet (170)
- Curt Schilling taken off of ESPN’s Sunday Night Baseball telecast this week (134)
- Phillies announcer calls Mets fans “obnoxious” (123)