New York Times Co. (NYT) is in talks to sell its stake in the Boston Red Sox baseball team.

“It continues to be for sale,” New York Times CEO Janet Robinson said, according to Reuters. “We are continuing to talk to a variety of prospective buyers, large and small.”

The company expects to make a profit on the stake, Robinson said.

The New York Times paid $75 million for a 17.75% stake in New England…

Continue reading New York Times in Talks to Sell Red Sox Stake

New York Times in Talks to Sell Red Sox Stake originally appeared on DailyFinance on Wed, 01 Dec 2010 07:51:00.

Filed Under: Company News, Media, New York Times Co, Retail