Journalism Pakistan
Journalism Pakistan
Freedom of expression shrinks in Pakistan as PECA Amendments take toll: report اظہارِ رائے کی آزادی محدود، پیکا میں ترامیم سے میڈیا کو شدید دھچکا: رپورٹDawn urges Indian media to abandon war rhetoric ڈان کی بھارتی میڈیا سے جنگی بیانیہ ترک کرنے کی اپیلIndia bans 16 Pakistani YouTube channels following Pahalgan attack پہلگام حملے کے بعد بھارت نے پاکستان کے 16 یوٹیوب چینلز پر پابندی لگا دی'In A Different Realm' offers a philosophical take on cricket's greatest innings ان اے ڈیفرنٹ ریلم کرکٹ کی عظیم ترین اننگز پر ایک فکری نقطۂ نظر پیش کرتی ہےCoordinated or coincidence? Identical tweets by Pakistani journalists raise eyebrows ہم آہنگی یا محض اتفاق؟ پاکستانی صحافیوں کے ایک جیسے ٹویٹس نے سوالات اٹھا دیےThe PSL paradox: pageantry or progress? پی ایس ایل کا تضاد: دکھاوا یا ترقی؟Sher Afzal Marwat launches personal attacks on journalists after PTI expulsion پی ٹی آئی سے نکالے جانے کے بعد شیر افضل مروت کے صحافیوں پر ذاتی حملےJournalist Sanaullah Khan alleges FIA blocking accounts of YouTubers and families صحافی ثناء اللہ خان کا انکشاف: ایف آئی اے یوٹیوبرز اور ان کے خاندانوں کے اکاؤنٹس بلاک کر رہی ہےA launch in style: Dr. Nauman Niaz unveils 'In A Different Realm' ان اے ڈفرنٹ ریلم کی رونمائی: ڈاکٹر نعمان نیاز کی کتاب Sindhi journalist AD Shar brutally murdered, PFUJ declares three-day mourning سندھی صحافی اے ڈی شر کا بہیمانہ قتل، پی ایف یو جے نے تین روزہ سوگ کا اعلان کر دیاAJK government registers case against newspaper and staff آزاد کشمیر حکومت کا اخبار اور عملے کے خلاف مقدمہJournalist Arzoo Kazmi alleges FIA threats, possible arrest over reporting صحافی آرزو کاظمی کا دعویٰ: ایف آئی اے کی دھمکیاں، رپورٹنگ پر ممکنہ گرفتاری

New York Times in talks to sell About.com

 JournalismPakistan.com |  Published August 09, 2012

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New York Times in talks to sell About.com

NEW YORK: The New York Times Company has confirmed it is in talks to sell off its how-to website About.com, but insisted that no definitive deal had been reached.

 

"The negotiations are ongoing and there can be no assurances that an agreement will be reached or that a transaction will be completed," the media group said in a statement Wednesday.

 

"No definitive agreement has been reached."

 

An article on the newspaper's Media Decoder blog, citing a person familiar with the deal, said the company had a letter of intent to sell the site to rival Answers.com for $270 million.

 

The group took a major hit in the second quarter, posting a $88.1 million loss in part due to a $194.7 million writedown of About.com. But chairman and interim chief executive Arthur Sulzberger insisted the company would see better results in the second half thanks to a repositioning strategy.

 

The media group, which also publishes The Boston Globe, bought About.com for more than $400 million in 2005.

 

Selling off the website would fit into the strategy followed by the Times in recent months, which included the sale of its remaining stake in Fenway Sports Group, which owns the Boston Red Sox baseball team, and of its regional newspaper group.

 

"Given the performance of About.com over the last few quarters, this doesn't come as a surprise to us," said Barclays analyst Kannan Venkateshwar, adding that an eventual sale would allow the Times to have no net debt.

 

Shares in the New York Times Company rose 6.06 percent to close at $8.57 after reports emerged about the potential sale.- AFP

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