The New York Times is out of the Red Sox business

10 Comments

The struggling New York Times Co. netted itself $63 million this week by selling its remaining shares of Fenway Sports Group, the company that owns the Red Sox, most of NESN and Liverpool in the English Premier League.

A Times spokesman was unwilling to comment on the buyer.

The New York Times also owns the Boston Globe, which, because of the relationship, has drawn some extra scrutiny for its coverage of the Red Sox through the years.

It’s a big profit for the company, which paid $75 million for its stake in the Fenway Sports Group in 2002. In all, the Times sold its entire batch of shares for $225 million. Still, the sale did nothing for Times stock, which dropped 1.2 percent to $6.43 on Friday.

Phillies, Red Sox interested in Carlos Santana

Getty Images
6 Comments

The Phillies and Red Sox appear intent on pursuing free agent first baseman Carlos Santana, MLB Network’s Jon Morosi reports. Santana rejected a one-year, $17.4 million qualifying offer from the Indians on Thursday and is expected to draw widespread interest on the market this winter. The Mets, Mariners, Angels and Indians could make a play for the infielder, though no serious offers have been made this early in the offseason.

Santana, 31, is coming off of a seven-year track with the Indians. He batted .259/.363/.455 with 23 home runs and 3.0 fWAR last season, making 2017 the fourth-most valuable year of his career to date. Although he was primarily stationed at first base over the last year, he could step back into a hybrid first base/DH role with the Red Sox, who are hurting for infield depth with Hanley Ramirez still working his way back from shoulder surgery.

As for Santana’s other suitors, the Mariners are far less likely to pursue a deal after trading for Ryon Healy last Wednesday. Neither the Mets nor the Phillies have a DH spot to offer the veteran infielder, and the Phillies’ Rhys Hoskins appears to be blocking the way at first base. Then again, Santana may not find a more enticing offer outside of Cleveland, where Edwin Encarnacion might otherwise be the club’s best option at first base. During the GM meetings, Indians’ GM Mike Chernoff said he “love to have both [Santana and Jay Bruce] back” in 2018, but hasn’t backed up that love with any contract talks just yet.