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.
- And That Happened: Thursday’s scores and highlights 40
- MLBPA files grievance against Astros in regard to draft pick situation 30
- The eyes have it: Thomas’ greatness built on patience 13
- Expert’s Corner: How to troll fans of all 30 teams 191
- Mariners re-acquire Kendrys Morales from Twins for Stephen Pryor 21
- A’s designate $10 million reliever Jim Johnson for assignment 35
- Everything you need to know about next week’s trade deadline 35
- Impending free agent Jon Lester won’t talk contract with the Red Sox until after the season 19
- Expert’s Corner: How to troll fans of all 30 teams (191)
- Verducci: baseball should think about an “illegal defense” rule to combat shifts (162)
- Yankees acquire Chase Headley from Padres (108)
- Who is the next Face of Baseball? (97)
- David Ortiz passes Carl Yastrzemski on the all-time home run list — is he a Hall of Famer? (92)