The New York Times has reemerged as a potential buyer of The Athletic, after previously the two companies failed to reach an agreement in June.
The Athletic has hired investment banking firm LionTree to facilitate a sale.
The Athletic has a valuation of about $500 million, although the site is seeking as much as $800 million in a sale. Apart from the Times, other potential buyers include Axios. However, The Times acquiring The Athletic makes the most sense as both are built in a subscription model and The Times is working towards building its subscriber base.
The new sales talk come after reshuffling at The Athletic.
Read more here.
Dylan Byers of Puck writes about the recent upswing in CNBC viewers and its prospects after…
The Deadline Club has named the finalists in its 2025 Awards contest. Winners will be…
Josh Hersh of Columbia Journalism Review interviewed Kai Ryssdal, host of "Marketplace," a leading daily radio…
Business Insider is hiring a Leadership and Workplace Editor to drive coverage on leadership strategies, career advancement, evolving…
This position will be Hybrid in the office/market 3 days per week, and those days…
G/O Media CEO Jim Spanfeller pushed back against comments that the financial news site Quartz,…