Report: New York Times Selling To For $270 Million

According to a, the New York Times is selling to for $270 Million dollars.

“”AllthingsD goes on to say, the deal hasn’t closed yet, and I’m told that Answers’ backers — PE firms Summit Partners and TA Associates — are trying to line up financing.”

“The Times bought About, the precursor to “content farms” like Demand Media, for $410 million in 2005. ”

“Last month, the Times took a $195 million goodwill write-down on the unit, which is largely dependent on search traffic from Google.”



Join the Discussion