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  1. The Wire
January 6, 2022updated 31 Oct 2022 3:42pm

New York Times agrees $550m deal to buy the Athletic

The New York Times has agreed to buy sports news website the Athletic for around $550m.

By Press Association and Press Gazette

The New York Times has agreed to buy sports news website the Athletic for around $550m, according to the Information.

It was first reported last month that the NYT had entered exclusive talks with the subscription-funded Athletic (see below on this page).

The Information previously reported that the Athletic was seeking to sell itself for more than $750m.

The New York Times and the Athletic are two of the top five subscription news businesses in the world, according to Press Gazette’s latest 100k Club ranking. The Times last reported having 7.6m digital-only subscribers, while the Athletic is reported to have around 1.2m.

Source: The Information

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Deal value: $550m

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Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly does of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy Policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

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