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About.com Topics

Times to Sell About Group to IAC/Interactive for $300 Million

The New York Times Company has agreed to sell the About Group, which includes the About.com network of topic sites, to Barry Diller’s IAC/InterActiveCorp for about $300 million in cash, the company said on Sunday.

 

Times Co. Said to Reach Preliminary Deal to Sell About.com

About.com

The New York Times Company has a letter of intent to sell the online resource guide to Answers.com, an online question-and-answer site, for $270 million, according to an executive familiar with the negotiations.

 

The New York Times Co. Posts a Loss

The New York Times Company reported a second-quarter loss on Thursday because of a write-down in the value of About.com and continuing declines in print and digital advertising revenue.

Senh: They gave lots of numbers, but no specific number on how much they make from digital subscriptions. Sure, they said the number of subscribers went up, but how much are they making from it.

 

Times Company Profit Falls on Weak Ad Revenue

The New York Times Company reported that first-quarter net income dropped 57.6 percent, to $5.4 million, as print advertising remained depressed and About.com revenue fell.

 

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