Diller’s IAC to buy NYT’s About Group for $300 million

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 and the Sulzberger Soap Opera: 3 Takeaways

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.

The NYT needs a lot more than just a paywall

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.