From our Every Penny Counts desk:
New York Times Co. Sells Part of Its Stake in the Boston Red Sox
That’s the headline in the Times. Kissin’ cousin Boston Globe headline:
New York Times Co. sells part of Red Sox stake
So far, so good. But check out the dueling ledes.
Times:
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.
Globe:
The Red Sox have been struggling lately, but the team is paying off for The New York Times Co., which today sold a portion of its Sox holdings for a sizeable profit.
The Times Co. reported that it sold more than half its holdings in the Fenway Sports Group, which includes the Sox, for $117 million, recouping more than what the media company spent on its entire original investment.
The company did not disclose the three separate buyers to whom it sold shares. The Sox declined comment.
That, in itself, says a lot. But the Boston Globe piece said more.
Campaign Outsider 
Dice K, Lackey, Drew..NYT cutting & running from “the greatest team ever” 2011 Red Sox after realizing the Sox are trailing the NY Yankees and its stellar pitching rotation from the year 2002.
Yeah, Sheldon – not sure how long the chewing gum and baling wire will hold the Yanks together.
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