02/02/12 4:01 PM EST
New York Times sells portion of stake in Sox
By Evan Drellich / MLB.com
The sale is pending Major League Baseball's approval. No buyer was named.
The Times Co., which owns The Boston Globe as well as the eponymous New York newspaper, bought 750 units in Fenway Sports Group for $75 million in 2002, for a 17.75 percent stake in the sports investment company.
More than half of the Times Co.'s holdings in Fenway Sports Group were sold in July.