Times’ share of Red Sox for sale

December 26, 2008 by Benjamin Kabak 11 Comments

As The New York Times Co. continues to see its newspaper holdings shed money, the company is looking to move one of its profitable ventures. According to The Wall Street Journal, The Times Co. wants to sell its 17.5 percent stake in the Red Sox for $300 million. While Barclays Capital believes this share to be worth about $166 million, The Times is shooting for the stars in a bad economy. If they are successful in getting their asking price, the Red Sox as a whole would be worth around $1.7 billion. Fundraiser, anyone?

nmc

Buy, Steinbrenners, buy, buy, buy
- http://26ncounting.blogspot.com/ VO
  
  I think this is a great oprotunity for the Yankees, buy the Redsox trade away their prospects for good players and trade the good players to the Yankees for nothing and then the Red Sox can develop our prospects! flawless
JeffG

Sell Mortimer sell!
Matt M

Get those tee shirts printed. QUICK!!!
Un-Named Yankee Source

You think Tex will ask for an advance on his salary to buy the Sox? Even better, Giambi/Pettite/Abreu could buy it with Yankee $$ and them sign themselves!
Joey H

Hey Ben do you have the link of that story where Hughes sent the kid the autographed cards and memorabilia? Sorry i just cant seem to find it on here.
- http://www.riveraveblues.com Ben K.
  
  It’s in one of Mike’s open threads from this week. I’m not sure which one though.
  - http://www.riveraveblues.com Ben K.
    
    Found it. Here’s the story.
    - Joey H
      
      Thanks a lot buddy.
E

That’s what the times and every other far left paper get for being unamerican. No revenue and no readers.
- http://www.ilikemygirls.com Billy Beane
  
  (1) leave politics out of baseball talk.
  
  (2) don’t pretend to know how the times makes money.