The New York Times Company is trying to sell its stake in the Boston Red Sox baseball team, seeking to raise cash and shield its newspaper franchise from rapidly falling revenue, a person briefed on the plans said on Wednesday.
Under pressure from investors to sell noncore assets in recent years, executives of the Times Company have said repeatedly that they were open to selling the stake, but only on the right terms.
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As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
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