New York Times buys sports site The Athletic for $550M

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ap215
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New York Times buys sports site The Athletic for $550M

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New York Times buys sports site The Athletic for $550M

The New York Times Co. is buying 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 track for its previously stated goal of 10 million by 2025.

https://pressofatlanticcity.com/sports/ ... e18a3.html
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