Thursday, March 15, 2012

New York Times retains Goldman for Red Sox sale

The New York Times Co. says it has retained investment firm Goldman Sachs to help explore a sale of its stake in the company that owns the Boston Red Sox.

Investors have been pressuring the company to sell assets as advertising revenue plummets.

The company holds a 17.8 percent stake in New England Sports Ventures, which owns the Boston …

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