NYT Co. Looks to Sell Boston Red Sox Stake

By: E&P Staff

The New York Times Co. said Tuesday it has retained Goldman, Sachs & Co. as its financial advisor to explore the possible sale of its 17.75% stake in New England Sports Ventures LLC, the owner of the Boston Red Sox baseball team and its iconic Fenway Park.

New England Sports Ventures also owns an approximately 80% stake in New England Sports Network, and 50% of Roush Fenway Racing, a NASCAR team.

The Times Company bought its interest in New England Sports Ventures in February 2002.

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