Pro Baseball News

NY Times looks to sell stake in Red Sox (AP) (sports.yahoo.com)

The New York Times Co. says it has retained investment firm Goldman Sachs to help explore a sale of its stake in the company that owns the Boston Red Sox. Investors have been pressuring the company to sell assets as advertising revenue plummets. The company holds a 17.8 percent stake in New England Sports Ventures, which owns the Boston baseball team as well as Fenway Park, a portion of a cable...