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    Tuesday, January 06, 2009

    we're outta here

    The New York Times is reporting that The New York Times is trying to sell its' stake in the Boston Red Sox. I hope The Times checked their sources on this one.

    Under pressure from investors to sell noncore assets in recent years, executives of the Times Company have said repeatedly that they were open to selling the stake, but only on the right terms.

    But recently, they have been actively shopping the company’s stake in New England Sports Ventures, which owns the Red Sox, said the person briefed on the plans, who was not authorized to discuss the matter and was given anonymity. The Times Company informed its partners in the venture of its plans last month.

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