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New York Times Co Completes Sale Of About Group To IAC


Monday, 24 Sep 2012 10:28am EDT 

New York Times Co announced the closing of the sale of its About Group, which includes the Web sites of About.com, ConsumerSearch.com and CalorieCount.com, to IAC for $300 million in cash, plus adjustments for working capital. The Company estimates the net after-tax proceeds from the sale will be approximately $290 million and plans to use the sale proceeds for general corporate purposes. 

Company Quote

14.02
0.3 +2.19%
4:01pm EDT