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-   -   NYT Buys About.com for $410 Million (https://www.cableforum.uk/board/showthread.php?t=24322)

Richard M 18-02-2005 01:53
NYT Buys About.com for $410 Million
 
Quote:
The New York Times Co. Latest News about The New York Times is buying About.com, an online consumer information company, for $410 million in cash from special-interest magazine publisher Primedia Inc., the companies announced Thursday. It was the latest acquisition of an online company in recent months by a newspaper publisher.

The deal gives the Times a bigger footprint in the online world, where it has moved aggressively in recent years to expand its offerings and revenues from advertising. About.com has a network of Web sites that are maintained by about 500 experts on various topics including sports, personal finance, food and hobbies
http://www.newsfactor.com/story.xhtml?story_id=30569

410 what???! For a website?
:Yikes:

Macca371 18-02-2005 01:57
Re: NYT Buys About.com for $410 Million
 
It must be a big earner though. Whenever I use it, it only provides a small amount of information on the topic and the rest is commercial links and advertisements.

Paul 18-02-2005 01:58
Re: NYT Buys About.com for $410 Million
 
:eek:

Stuart 18-02-2005 02:33
Re: NYT Buys About.com for $410 Million
 
When you guys selling Cable forum then? :D

Paul 18-02-2005 03:16
Re: NYT Buys About.com for $410 Million
 
For £410 million ? - I vote for tomorrow. :)


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