All Things Bubba

Because how can you not love a baseball player named "Bubba"?

Thursday, December 25, 2008

Brother, can you spare a dime?

The NY Times is hurting for cash. They took out a mortgage on their new building a couple of weeks ago, but apparently, it wasn't enough. They may be forced to sell their stake in the Boston Red Sox:

New York Times may sell Red Sox stake

NEW YORK (Reuters) -- The New York Times Co is trying to sell its stake in the holding company of the Boston Red Sox baseball team, The Wall Street Journal reported on Wednesday, citing people familiar with the discussions.

The sale, which could give the Times desperately needed cash as newspaper advertising revenue falls and its debt payments loom, could involve its 17.5 percent stake in New England Sports Ventures and possibly the struggling Boston Globe daily newspaper, the Journal reported.

New England Sports Ventures owns the Red Sox, the Fenway Park baseball field where the team plays, and most of the cable network that shows their games.

Yankees fans would not be upset about it, that's for sure. Many felt the Times were traitors, owning the Sox while reporting in the Yankees' home town.

Still, it's a little scary that big-name papers like the NY Times, Boston Globe, LA Times, and Chicago Tribune are struggling so. They haven't quite figured out how to make money on the Internet. And bloggers are pretty much parasites on the mainstream media.

Meanwhile...former Yankee farmhand Mike Vento has signed a minor league deal with the Nationals.

Merry Christmas, all!

posted by BubbaFan, 6:34 PM


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