Thread: NYT Buys About.com for $410 Million
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Old 18-02-2005, 01:53   #1
Richard M
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Exclamation 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?
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