Jul 1, 2011, 5:10 PM EST
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.
- Report: Athletics close to a trade involving Jeff Samardzija 0
- Yasmany Tomas signs a six-year, $68.5 million deal with the Diamondbacks 87
- No, the Red Sox signing Pablo and Hanley is not proof that baseball needs a salary cap 163
- Red Sox announce four-year, $88 million deal with Hanley Ramirez, DFA Juan Francisco 35
- The Cubs have offered Jon Lester “north of $135 million” 68
- Pablo Sandoval’s deal: five years, $98 million plus an option 43
- Kyle Seager, Mariners close to $100 million extension 26
- The 2015 Hall of Fame ballot is out — Randy Johnson, Pedro Martinez are new on the ballot 286
- The 2015 Hall of Fame ballot is out — Randy Johnson, Pedro Martinez are new on the ballot (286)
- No, the Red Sox signing Pablo and Hanley is not proof that baseball needs a salary cap (163)
- More Hall of Fame ballots like Adam Rubin’s please (140)
- Report: Pablo Sandoval chose the Red Sox over the Giants because he felt disrespected (138)
- UPDATE: The Pablo Sandoval-Red Sox deal is done, pending a physical (133)