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.
- Giants manager Bruce Bochy doesn’t expect Matt Cain to pitch again this year 3
- Matt Harvey throws off mound for first time since Tommy John surgery 2
- And That Happened: Thursday’s scores and highlights 38
- Cliff Lee placed on DL with recurrence of flexor pronator strain 27
- Winners and losers at the trade deadline 46
- 2014 Trade Deadline Tracker 49
- ACES GALORE: The Rays trade David Price to the Tigers 137
- Red Sox trade John Lackey to Cardinals for Allen Craig and Joe Kelly 91
- “Caucasians” t-shirts are hot sellers on Canadian Indian reservations (201)
- Jon Lester, Jonny Gomes heading to Oakland for Yoenis Cespedes (165)
- ACES GALORE: The Rays trade David Price to the Tigers (137)
- Tampa Bay news station tweets classless Detroit joke following David Price trade (128)
- Rangers’ retirement gifts for Derek Jeter: Yankees cowboy boots, signed George W. Bush photo (126)