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February 20, 2013
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.

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.

15:33 // 1 year ago
August 27, 2012

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

  • $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?

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7:49 // 1 year ago