From wire service report (Photo by T. Peter Lyons):
The New York Times Company Retains Goldman, Sachs & Co. for Potential Sale of Ownership Interest in New England Sports Ventures
NEW YORK--The New York Times Company today announced that it has retained Goldman, Sachs & Co. as its financial advisor to explore the possible sale of the Company’s 17.75 percent ownership interest in New England Sports Ventures, LLC (NESV). NESV owns the Boston Red Sox, Fenway Park and adjacent real estate, approximately 80 percent of New England Sports Network, the top rated regional cable sports network in the country delivered to more than four million homes throughout New England and nationally via satellite, and 50 percent of Roush Fenway Racing, a leading NASCAR team. The Times Company acquired its interest in NESV in February 2002. Interested parties should contact Gregory Lee at Goldman, Sachs & Co. (telephone 212-902-7584).
The New York Times Company (NYSE: NYT), a leading media company with 2008 revenues of $2.9 billion, includes The New York Times, the International Herald Tribune, The Boston Globe, 16 other daily newspapers, WQXR-FM and more than 50 Web sites, including NYTimes.com, Boston.com and About.com. The Company’s core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment.
Where's Mark Cuban when you need him?
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