Just before the Boston Red Sox were purchased by John Henry and the Fenway Sports Group in 2003, the New York Times bought a small stake - 700 shares, to be exact - in the team.
Recently, the beleaguered broadsheet - looking to generate funds in any manner possible - sold 390 of those shares, according to a report from ESPN Boston.
The sale generated a pre-tax return of $64 million, which likely still won't keep online readers from having to pay $35 annually for unlimited access to the Times' internet content. The paper said that it would continue to work to find a buyer for the remaining 310 shares of the Fenway Sports Group, formerly known as New England Sports Ventures.
The Times had been looking for a buyer of the shares for three years now. They originally bought the 17.8 percent stake for $75 million.
The report didn't disclose who bought the shares.