NEW YORK — The New York Times Co. has sold a partial stake in the company that owns the Boston Red Sox.
The newspaper publisher unloaded part of its holdings in New England Sports Ventures LLC to Henry McCance, chairman emeritus of venture capital firm Greylock Partners.
Terms of the deal have not been disclosed.
After the sale, the Times company will still retain a 16.6 percent ownership, down from 17.8 percent.
The publisher says it will continue to look for a buyer for the rest of its stake in the sports holding company.
New England Sports Ventures also owns Fenway Park in Boston, a portion of a cable sports network and other properties.
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