New York Times buys San Francisco-based sports site The Athletic for $550 million
New York Times buys San Francisco-based sports site The Athletic for $550 million
The New York Times Co. is buying San Francisco-based sports news site The Athletic for $550 million, the latest move in its strategy to expand its audience of paying subscribers as the newspaper print ads business fades.
The Times, unlike many local news outlets, has thrived in the past several years. It gained millions of subscribers during the Trump presidency and the pandemic, keeping it on…
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