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.
- Adrian Beltre needs just five innings for the third cycle of his career 0
- Mets blow out Marlins, move past Nationals for first place in NL East 6
- Yordano Ventura calls Jose Bautista a “nobody” and accuses him of stealing signs 71
- And That Happened: Sunday’s scores and highlights 85
- The benches cleared in Toronto, too 79
- The Reds’ and Pirates’ benches cleared after Brandon Phillips was hit with a pitch 65
- Reminder: even though the trade deadline has passed, trades can still happen 13
- Settling the Scores: Saturday’s results 36
- The benches cleared in Friday’s Giants-Rangers game (205)
- Blue Jays acquire David Price from the Tigers (113)
- Rangers land ace left-hander Cole Hamels from Phillies (106)
- Royals make another big move, get Ben Zobrist from A’s (95)
- Report: Rockies trade Troy Tulowitzki to Blue Jays for Jose Reyes and prospects (92)