The New York Times is buying subscription-based sports site The Athletic

The Athletic, which quickly came to prominence for publishing exclusive reporting and high-quality sports journalism, is getting a new owner. As first reported by The Information, The New York Times has agreed to buy the subscription-based digital media company for $550 million. The deal is expected to close by the end of March."Acquiring The Athletic puts us in a position to be a global leader in sports journalism and offer English speakers around the world another reason to turn to the Times Company to meet their daily news and life needs," The New York Times Company CEO Meredith Kopit Levien said in a statement. "The Times already provides distinctive sports coverage for a general interest audience as part of our core report. As a standalone product, The Athletic will enable us to offer much more — extensive coverage for fans who seek a deep connection to and understanding of their favorite teams, leagues and players."The Times has set a goal of reaching 10 million subscribers by 2025 and it's well on the way. It had 8.3 million subscribers as of September 30th. Along with its digital and print publications, the Times has separate plans for its cooking and games (which includes crosswords) products. It bolstered its offerings in recent years by acquiring Wirecutter and placing the popular product review site behind a paywall.The Athletic previously said it didn't expect to turn a profit until next year. It has 1.2 million subscribers, though its growth was reportedly... Continue reading at 'Engadget'

[ Engadget | 2022-01-06 17:05:15 UTC ]
News tagged with: #daily news #digital media

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Quercus buys biography of boxing champion Haye

Written By: Charlotte Williams Publication Date: Thu, 09/06/2011 - 15:14 Quercus has acquired an authorised biography of WBA world heavyweight boxing champion David Haye. Non-fiction publishing director Richard Milner bought world rights in Making Haye: The David Haye Story by sports writer... Continue reading at The Bookseller

[ The Bookseller | 2011-06-09 00:00:00 UTC ]
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Financial Times Thumbs Nose at Apple with Web App

Just as mainstream publishers are hitching their digital futures to Apple with a deal to sell subscriptions through the company's new Newsstand, one major publisher is saying, in effect, who needs it? On Tuesday, the Financial Times launched FT Web App, a browser-based app for tablets, which is... Continue reading at AdWeek

[ AdWeek | 2011-06-07 00:00:00 UTC ]
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Desmond in talks to sell US OK! to Time Warner

Richard Desmond is in talks with US media giant Time Warner about the possible sale of the US edition of celebrity OK! magazine, sources have confirmed. Continue reading at Media Week

[ Media Week | 2011-06-06 00:00:00 UTC ]
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Constable buys into optimism

Written By: Charlotte Williams Publication Date: Fri, 03/06/2011 - 09:59 Constable & Robinson has acquired a non-fiction title about looking on the bright side by University College London neuroscientist Tali Sharot. Commissioning editor Jamie Joseph, who is building the publisher's... Continue reading at The Bookseller

[ The Bookseller | 2011-06-03 00:00:00 UTC ]
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Aurum buys spy's story

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[ The Bookseller | 2011-05-24 00:00:00 UTC ]
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Digital in the Black for First Time at Future

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[ Folio Magazine | 2011-05-24 00:00:00 UTC ]
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Pan Macmillan buys The Killing novelisations

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[ The Bookseller | 2011-05-23 00:00:00 UTC ]
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Angry Robot buys hardboiled fantasy

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[ The Bookseller | 2011-05-23 00:00:00 UTC ]
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Isle of Mull indie closes doors for last time

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[ The Bookseller | 2011-05-18 00:00:00 UTC ]
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Faber buys new Rachel Cusk title

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[ The Bookseller | 2011-05-16 00:00:00 UTC ]
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HCCB buys two from Willis

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[ The Bookseller | 2011-05-16 00:00:00 UTC ]
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Yellow Jersey hat trick at British Sports Book Awards

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[ The Bookseller | 2011-05-10 00:00:00 UTC ]
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Conde Nast Strikes Subscription Deal with Apple

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[ Folio Magazine | 2011-05-10 00:00:00 UTC ]
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Conde Nast Reportedly Plans iPad Magazine Subscriptions

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[ PC World | 2011-05-09 00:00:00 UTC ]
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[ AllThingsD | 2011-05-09 00:00:00 UTC ]
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Transworld buys trilogy by ex-Methvens chair

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[ The Bookseller | 2011-05-09 00:00:00 UTC ]
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[ The New York Times | 2011-05-07 00:00:00 UTC ]
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Book Publishers, AOL To Launch New Book Recommendation Site [MediaMemo]

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[ AllThingsD | 2011-05-06 00:00:00 UTC ]
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I B Tauris buys PWP

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[ The Bookseller | 2011-05-06 00:00:00 UTC ]
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[ The New York Times | 2011-05-05 00:00:00 UTC ]
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