NYT Buys About.com for $410 Million
18-02-2005, 01:53
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#1
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Inactive
Join Date: Jun 2003
Location: Los Angeles, CA
Age: 46
Posts: 6,343
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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
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http://www.newsfactor.com/story.xhtml?story_id=30569
410 what???! For a website?
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18-02-2005, 01:57
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#2
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Guest
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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.
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18-02-2005, 01:58
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#3
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Re: NYT Buys About.com for $410 Million
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18-02-2005, 02:33
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#4
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Join Date: Jun 2003
Location: Somewhere
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Re: NYT Buys About.com for $410 Million
When you guys selling Cable forum then? 
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18-02-2005, 03:16
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#5
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Dr Pepper Addict
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Re: NYT Buys About.com for $410 Million
For £410 million ? - I vote for tomorrow. 
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