Menu
Franchises

N.Y. Times Co. Sells Last Stake In Fenway Sports Group For $63M

The N.Y. Times Co. said on Friday that it has "sold its remaining stake in the Fenway Sports Group," the company that owns the Red Sox and several other sports properties, according to the N.Y. TIMES. An SEC filing indicated that the Times Co. received $63M "for the stake and expects to record a pretax gain" of about $38M in Q2. Last summer, the company "sold more than half of its minority stake in the group" for $117M. The company in '02 paid $75M "for a 17.75 percent stake” in FSG (N.Y. TIMES, 5/12). In Boston, Beth Healy reported the sale was made to "undisclosed buyers believed to be current minority owners" of the Red Sox (BOSTON GLOBE, 5/12).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2012/05/14/Franchises/Red-Sox.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2012/05/14/Franchises/Red-Sox.aspx

CLOSE