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.
- The Yankees, A-Rod resolve their dispute over the $6 million milestone bonus 9
- Yankees donate $150,000 to charity to get Alex Rodriguez his 3,000th hit ball 14
- Mike Scioscia says Josh Hamilton should apologize to Angels owner Arte Moreno 75
- Settling the Scores: Thursday’s results 52
- Breaking: Cardinals fire their scouting director, likely due to the Astros hacking scandal 61
- Bryce Harper is naked in ESPN’s “Body Issue” 54
- Today is the day: Marlins ace Jose Fernandez returns from Tommy John surgery 4
- A-Rod, the Yankees and the union in talks to direct his $6 million home run bonus to charity 29
- With the same-sex marriage decision, the San Francisco Giants get another big win (276)
- Settling the Scores: Sunday’s results (99)
- What Yasiel Puig being a pain in the butt means. And what it doesn’t mean. (78)
- Report: Jerry Dipoto “definitely out” as Angels GM (77)
- There was a super ump show in Chicago yesterday (75)