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.

Report: Guardians, 1B Josh Bell reach 2-year, $33M deal

Kyle Ross-USA TODAY Sports
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SAN DIEGO — The Cleveland Guardians and slugging first baseman Josh Bell have agreed to a two-year, $33 million contract, according to a person familiar with the negotiations.

The person spoke to The Associated Press on condition of anonymity because the deal was pending a review of medical records.

Bell played for Washington and San Diego last season, batting .266 with 17 homers and 71 RBIs in 156 games.

Cleveland is coming off a surprising 2022 season, going 92-70 and winning the AL Central for the first time since 2018. The addition of Bell gives the Guardians more power for their lineup after they hit just 127 homers this year – the second-lowest total in the majors.

The 30-year-old Bell is a .262 hitter with 130 homers and 468 RBIs over seven seasons with three big league teams. He had his best year with Pittsburgh in 2019, making the NL All-Star team while batting .277 with 37 homers and 116 RBIs in 143 games.

The switch-hitting Bell also is expected to benefit from restrictions on defensive positioning coming to the game next year.