Today's Hard|Forum Post
Today's Hard|Forum Post

Monday August 27, 2012

New York Times Sells to IAC for $300M

Sources close to parties involved report that a deal has been made for, and from The New York Times to IAC, a media conglomerate for the sum of $300 million in cash, closing the deal within the next few weeks.

While the New York Times is taking a major hit with the sale price, the company at least won’t have to worry about future losses from the lackluster web property.