The New York Times (NYSE:NYT) is back in talks with The Athletic – a subscription-based sports website that provides ad-free national and local coverage – over a potential acquisition. The two companies were in talks earlier this year but were unable to arrive at an agreement.
The Athletic has seen a lot of traction with its subscription model, reaching 1.2 million paid subscribers. This could be valuable to New York Times, which is also looking to aggressively expand its subscriber base.
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|S&P 500 Return||-2%||23%||106%|
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