The New York Times Co. Made $9 Million in Sale of Red Sox Stake
Remember April 1, when The New York Times Co. sold a small portion of its share in Red Sox Nation? Turns out that the “50 of a total of 750 units” in Red Sox operator New England Sports Ventures was worth $9 million, according to the Times Co.’s first-quarter earnings released yesterday.
According to a report on the matter by The Boston Globe that takes great interest in valuing the Red Sox franchise, each “unit” of New England Sports Ventures appreciated from $100,000 to $280,000 over the period the Times Co.
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