NYT – The New York Times Company said on Friday that it had sold more than half of its minority ownership in the Boston Red Sox and several other sports properties.
The company sold 390 of the 700 Class B units of the Fenway Sports Group that it owned to three separate buyers in a deal for $117 million. The company, which did not disclose the buyers, expects to record a pretax gain of about $64 million in the third quarter because of the sale.
