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.
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- The Cardinals have moved ahead of the Brewers for first place in the National League Central 24
- No-hitter! Four Phillies pitchers combine to blank the Braves 57
- Bo Porter fired by the Astros 55
- Settling the Score: Sunday’s results — and a reminder of what Labor Day is all about 47
- Reds trade setup man Jonathan Broxton to the Brewers 18
- Miguel Cabrera sits Sunday with nagging ankle injury 13
- A’s acquire veteran slugger Adam Dunn from the White Sox 54
- Could women play major league baseball? Sure. Right now, though, the deck is stacked against them. (220)
- Albert Pujols plays the “you never played the game!” card (104)
- Great Moments in Drug Testing and Punishment: The NFL Edition (101)
- And That Happened: Thursday’s scores and highlights (75)
- Baseball is dying, you guys, because no one would recognize Mike Trout in a bar (74)