Posted on: 08/27/12
New York—The New York Times Co. has agreed to sell its About Group, which includes About.com, to Barry Diller's IAC/Interactivecorp, for $300 million in cash. The deal is expected to close in the next few weeks.
Posted on: 08/22/12
New York—IAC/Interactivecorp has submitted an offer of more than $300 million to New York Times Co. to buy About.com, according to a report on Reuters.com.
Posted on: 08/15/12
New York—The New York Times Co. has named Mark Thompson, outgoing director general of the British Broadcasting Corp., as its next president-CEO. Thompson is expected to take charge in November, succeeding Janet Robinson, who resigned from the Times Co. last December.
Posted on: 07/27/12
New York—The New York Times Co. announced that advertising revenue declined 6.8% to $244 million in the second quarter compared with the year-earlier period.