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Started By
Message
The New York Times buying The Athletic for $550 million.
Posted on 1/6/22 at 11:14 am
Posted on 1/6/22 at 11:14 am
LINK
quote:
The New York Times Co has agreed to acquire subscription sports site The Athletic in a deal valued at around $550 million, according to a person familiar with the situation.
The deal is a major acquisition for the Times, giving it a new pocket of subscription customers to the New York Times, which has set an ambitious goal of reaching 10 million subscribers by 2025. As of Sept 30, the Times reported 8.3 million digital and print subscribers.
21
Posted on 1/6/22 at 11:15 am to Fun Bunch
quote:
$550 million
Holy shite
Posted on 1/6/22 at 11:22 am to Fun Bunch
Article says that they were hoping for a valuation of $750 million and sold at $550m.
Either NYT got a steal or The Athletic was bleeding and took one of the first reasonable offers they had. Maybe both.
Either NYT got a steal or The Athletic was bleeding and took one of the first reasonable offers they had. Maybe both.
This post was edited on 1/6/22 at 11:23 am
Posted on 1/6/22 at 11:26 am to Fun Bunch
That sucks. Sadly, I just renewed my subscription, too.
Posted on 1/6/22 at 11:37 am to Fun Bunch
And the voices shrink again.
Posted on 1/6/22 at 11:43 am to Fun Bunch
Remember when the NYT had the worst poll in the BCS? It was a sign of things to come
Posted on 1/6/22 at 11:56 am to Fun Bunch
Great more wokeness, Liberalism, and no talk of sports. Cool.
Posted on 1/6/22 at 12:14 pm to Fun Bunch
(no message)
This post was edited on 4/15/23 at 7:58 am
Posted on 1/6/22 at 12:53 pm to Fun Bunch
The Athletic was one of the few purely sports sources without woketardness.
Sadly that appears to be coming to an end.
Sadly that appears to be coming to an end.
Posted on 1/6/22 at 1:23 pm to Fun Bunch
They’ll ruin it within a year.
Posted on 1/6/22 at 1:30 pm to Fun Bunch
Sad
Now it becomes a piece of shite
Now it becomes a piece of shite
Posted on 1/6/22 at 1:35 pm to Fun Bunch
Goddamnit,
Just renewed. I love some articles in The Athletic.
Bummer. The NYT is an absolute rag of a news organization, despite their incredible crossword puzzles. This isn't political for me either, they have just terrible content.
Just renewed. I love some articles in The Athletic.
Bummer. The NYT is an absolute rag of a news organization, despite their incredible crossword puzzles. This isn't political for me either, they have just terrible content.
Posted on 1/6/22 at 1:43 pm to Fun Bunch
I will be cancelling my athletic subscription
Posted on 1/6/22 at 1:45 pm to Fun Bunch
This seems like the typical media-sub ponzi scheme. NYT is just trying to pump up share values.
Posted on 1/6/22 at 2:55 pm to Fun Bunch
I don't pay for opinion pieces. I have no need for the.. I don't give a damn what a journalism major has to think about anything, much less sports.
Posted on 1/6/22 at 3:57 pm to Fun Bunch
They send a lot of fricking emails I know that.
Posted on 1/6/22 at 4:00 pm to Fun Bunch
Wonder how many people will not renew their subscriptions now.
Posted on 1/6/22 at 5:28 pm to Fun Bunch
quote:just cancelled
The New York Times buying The Athletic for $550 million.
Posted on 1/6/22 at 6:22 pm to Fun Bunch
I'm curious how much of the "talent" got equity. I think there were a lot of layoffs a few years ago, so many of them may have been happy just to have a job. But did bigger names like Stewart Mandel get some sweet tech-company style stock option deals?
Posted on 1/6/22 at 7:15 pm to Fun Bunch
There is only one source of media. The independent voices sell out.
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