New York Times sells part of stake in Red Sox

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Back in 2002 the New York Times bought 17.75 percent of the Boston Red Sox (along with Fenway Park, the New England Sports Network, and a few other properties) as part of an investment group led by principal owner John Henry.
Eight years later the newspaper has sold off 1.18 percent of New England Sports Ventures to “a venture capitalist” named Henry F. McCance. No word yet on the sale price, but according a report about the New York Times in the New York Times the newspaper initially paid $75 million for the 17.75-percent stake in 2002.
Richard Perez-Pena writes that the newspaper was “eager to marshal cash and shed non-core investments in a rough time for the newspaper business, the Times Company began looking for a buyer about a year and a half ago, hoping to sell its entire stake.” Or maybe they just didn’t like the John Lackey signing.
Oh, and as an added twist, the New York Times actually owns the Boston Globe, which of course covers the Red Sox.

Kyle Schwarber is “probably, arguably” in The Best Shape of His Life

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Joe Maddon just held his annual media availability here at the Winter Meetings. During the scrum he said that Kyle Schwarber “looked great the other day” at a Cubs community event and that . . . wait for it . . . “he’s in, probably, arguably in the best shape of his life.” Maddon went on to say that, if Schwarber looks good in spring training, he might even be the Cubs leadoff hitter in 2018.

Schwarber is only 24, but the former catcher turned outfielder is going to spend most of his career as a DH, with another team obviously, unless he shows the Cubs that he can be a regular defender. The Cubs would love to see him in better shape whether they keep him or shop him, and if it’s the latter, they’ll want to show potential trade partners that he can play defense so as not to limit his market. It’s in everyone’s interests for him to be lean, mean and a bit more flexible once spring training starts.

To that end, according to a recent report, Schwarber “has been on a mission this offseason to transform his body.” And now Maddon is playing up the BSOHL angle. Whether that’s salesmanship or not, all eyes are going to be on Schwarber come February.