Neil Vogel, an entrepreneur who created the Webby Awards, is the new CEO of About.com. He plans to increase traffic and add more flash to the site while sticking to its advertising-based business model.
Barry Diller’s IAC/Interactive will buy the New York Times’ About Group in a $300 million cash deal. Peter Horan’s Answers.com had been set to buy About.com for $270 million before Diller got in a late-stage bid last week.
The New York Times is in discussions to sell information site About.com to Answers.com for a reported $270 million.
The New York Times Co. used to rely on About/com for good news; now overhauling the info site is dragging down earnings. Meanwhile, reliance on digital revenue is increasing even as the company works to stem declines in digital advertising revenues.
New York magazine set the media world a-chatter this weekend with a swirling tale of intrigue and in-fighting at the New York Times.The article is plump with gossip but also drives home the crucial business challenges the Times must address sooner than later.
About.com is in free fall. The New York Times (NYSE: NYT) revealed yesterday that its network of information sites suffered a 67% drop in pr…
The New York Times has signed up over 300,000 people to its digital subscription plan, but that doesn’t even come close to making up for continued declines in ad revenue. A new CEO is going to have to think creatively about where the paper goes now.
Late last year, the New York Times (NYSE: NYT) relaunched its tech blog to add more reporters and more video — in hopes of pulling in more…
Higher online circulation was a small bright spot in an otherwise gloomy earnings report for the New York Times Company (NYSE: NYT), which i…
Last week, following three consecutive quarters of declining revenues at its About Group unit, the New York Times Co. (NYSE: NYT) decided it…
