The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
The New York Times Co agreed to buy the Athletic, acquiring a sports-news website with more than 1 million subscribers.
The newspaper publisher is paying $550 million for the Athletic, which will remain a standalone product, Times Chief Executive Officer Meredith Kopit Levien said in a statement. The deal is expected to close by the end of March.
The Times has more than 8 million paid subscriptions across its digital and print products. The publisher is “now in pursuit of a goal meaningfully larger than 10 million subscriptions†and believes “The Athletic will enable us to expand our addressable market of potential subscribers,†Levien said.