NY Times may face sale of Boston Red Sox--report

FT.com: "The New York Times is considering potential asset sales and is in discussions with lenders as it prepares for sharply curtailed advertising spending across the media sector in 2009.... “There is no doubt that 2009 will be among the most challenging years we have faced and

• more steps will be needed,” Janet Robinson, chief executive of the company, said in a statement.

Executives did not specify which assets were under review for potential sales.

• However, company watchers have identified its

• New England newspapers, including the Boston Globe and Worcester Telegram & Gazette,

• its 17 per cent stake in the Boston Red Sox baseball team and

the About.com website as potential candidates."...via the Drudge Report

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