Wednesday, March 30, 2005
The NY Times forgets it's an owner of the Boston Red Sox as it blasts proposed Yankees deal.
As the NY Times' editors take a principled stand against city support for the construction of a new Yankee Stadium, they forget to add the "full disclosure" part...
The Times editorial — which accused the Yankees of "acting like a superstar free agent and asking for the moon" in its plans for a new stadium — never mentioned that the Times Co. is a part-owner of the Boston Red Sox and has a substantial self-interest in stopping the Yankees from building a new, more profitable stadium...That's our Times!
A Yankee insider snickered, "The Gray Lady's Red Sox are showing." The insider explained, "The better the Yankees do financially, the more money they'll have to pay the best players, and the more the Yankees will beat the Red Sox." ...
[Randy] Levine, who was a deputy mayor in Rudy Giuliani's administration, also blasted the Times' hypocrisy in criticizing the Yankees for asking for infrastructure improvements, while not acknowledging all the government subsidies the Times will enjoy at its new headquarters being built on Eighth Avenue.
"Isn't it amazing that the Times never mentions the tax enhancements it receives for its projects, including the new Times building, when they pass judgment on other transactions?" Levine said....[NY Post]