Media Roundup: NYT to Sell Red Sox, Post and Sun Share Content, and More
New York Times to sell stake in Red Sox — The Times is planning to sell its 17.5 percent stake in the Boston Red Sox in an effort to raise $150 million to $200 million in cash. The company may also sell The Boston Globe and About.com to gain additional breathing room. [Source: Silicon Alley Insider]
Post and Sun to share content — Longtime rivals, The Washington Post and The Baltimore Sun, have inked an agreement to exchange some news and sports stories. The deal doesn’t include some news topics, such as University of Maryland athletic coverage. [Source: Editor and Publisher]
USA Today to be sold on Kindle — USA Today will join The Washington Post, The New Tork Times and other large newspapers on Amazon’s Kindle e-reader device. While the final monthly subscription price has not been released, similar papers sell for $10-$15 a month. [Source: paidContent]
Pew Survey: TV still #1 source for news, Web catching up — As a news source, the Web has surpassed newspapers for the first time in the survey’s history to become America’s second most popular source of news behind television. The survey asked 1,489 adults about their news habits and also ranked the top news stories of 2008. [Source: Pew Research]
Sean Blanda is a Philadelphia-based freelance writer and co-founder of Technically Philly, a blog about tech news in Philadelphia.
BNET User Analysis