New York Times Company: ShortFormBlog

15:33 • 2 months ago

The New York Times Company purchased the Boston Globe for $1.1 billion back in 1993. It’s unknown why the Times is currently planning to offload the paper, which has been in circulation since 1872, though rumors that it would be sold have been circulating for some time now.

07:49 • 8 months ago

About.com just about sold: IAC buys content farm for a pretty penny

Tags: About about.com about.com sold barry diller content farm content farms iac new york times company nyt company 7 • Permalink

$300 million for an old-school Web property source

» Declining traffic, corporate markdowns led to sale: The company, which has been around since 1995, has struggled in recent years as a subsidiary of the New York Times Company. The Times, which has sold off many of its secondary properties in recent years, took a $195 million writedown on the property in its July financial statement. Still a hefty traffic-drawing property, it has nonetheless struggled due to changes in Google’s search algorithm. Perhaps Barry Diller’s IAC can give it a fresh coat of paint?

Follow ShortFormBlog • Find us on Twitter & Facebook

ShortFormBlog is the product of Ernie Smith, Seth Millstein, Chris Tognotti, Sami Main, Scott Craft, Matthew Keys, Julius the laid-off RSS robot, awesome links from awesome sources, a hacked version of Wordpress, Tumblr's Tumblarity, the letter Q, the number 13 and a series of tubes.