May 11, 2012, 5:54 PM EST
The struggling New York Times Co. netted itself $63 million this week by selling its remaining shares of Fenway Sports Group, the company that owns the Red Sox, most of NESN and Liverpool in the English Premier League.
A Times spokesman was unwilling to comment on the buyer.
The New York Times also owns the Boston Globe, which, because of the relationship, has drawn some extra scrutiny for its coverage of the Red Sox through the years.
It’s a big profit for the company, which paid $75 million for its stake in the Fenway Sports Group in 2002. In all, the Times sold its entire batch of shares for $225 million. Still, the sale did nothing for Times stock, which dropped 1.2 percent to $6.43 on Friday.
- Yasmany Tomas signs a six-year, $68.5 million deal with the Diamondbacks 68
- No, the Red Sox signing Pablo and Hanley is not proof that baseball needs a salary cap 158
- Red Sox announce four-year, $88 million deal with Hanley Ramirez, DFA Juan Francisco 33
- 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
- So what would the Red Sox look like with Hanley Ramirez and Pablo Sandoval? 49
- 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 (159)
- More Hall of Fame ballots like Adam Rubin’s please (138)
- Report: Pablo Sandoval chose the Red Sox over the Giants because he felt disrespected (135)
- UPDATE: The Pablo Sandoval-Red Sox deal is done, pending a physical (133)