Posts tagged red sox

New York Times Give Red Sox the Boo

Via the New York Times:

The New York Times has sold its remaining stake in the Fenway Sports Group, the company that owns the Boston Red Sox, the latest in a continuing effort to shed assets unrelated to the company’s flagship newspaper…

…In 2002, The Times paid $75 million for a 17.75 percent stake in Fenway. But the 2008 recession and the steady decline of print advertising revenue at newspapers like The New York Times, The Boston Globe and The International Herald Tribune, has prompted the company to shed its nonessential assets.

As a Boston fan who knows the Red Sox suck, nonessential? Harsh.