The New York Times acquires The Athletic
The New York Times Company acquired The Athletic Media Company, a subscription sports site covering clubs and teams in the United States and abroad, for an all-cash price of $550.0 million funded from cash on hand. It was large enough to change how the company reports itself: from the first quarter of 2022 the Times has had two reportable segments, The New York Times Group and The Athletic.
- Value
- $550m
- Buyer
- The New York Times
- Seller
- —
- Regulatory
- None recorded