The New York Times Company has retained Goldman, Sachs & Co. as its financial advisor to explore the possible sale of the Company’s 17.75% ownership interest in New England Sports Ventures, LLC (NESV).
NESV owns the Boston Red Sox, Fenway Park and adjacent real estate, approximately 80% of New England Sports Network, regional cable sports network in the country delivered to more than four million homes throughout New England and nationally via satellite, and 50% of Roush Fenway Racing, a NASCAR team.
The Times Company acquired its interest in NESV in February 2002.
L.D.