Baseball America sold for $2 million

DURHAM, N.C. - Baseball America magazine, which follows hot prospects in the minor leagues, college and high school, has been sold for $2 million to a group that includes its publisher.

Miles Wolff, former owner of the Durham Bulls minor-league team, sold the Durham-based magazine to publisher Lee Folger and three partners from Netzee, an Internet financial-services company based in Atlanta.

Folger and Netzee chief executive Glenn Sturm, chairman John Collins and president Catherine Silver plan to develop an online version of the magazine.

"The future of Baseball America is as an Internet product. I don't have that knowledge or experience, and the new ownership does," said Wolff, who bought the twice-monthly publication in 1982 from founder and current editor Allan Simpson.