Business News

The New York Times Company Retains Goldman, Sachs & Co. for Potential Sale of Ownership Interest in New England Sports Ventures

Wednesday 28. January 2009 - 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.