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NY Times agrees to buy About.com
New York Business ^
| 2/17/05
| New York Business
Posted on 02/17/2005 6:42:56 PM PST by wagglebee
The New York Times Co. has agreed to buy About.com from Primedia Inc. in an all-cash deal valued at about $410 million.
The company says the deal will give it the 12th-largest Internet presence and a platform for future growth on the Web. The Times Co., whose digital properties include NYTimes.com and Boston.com, has a current base of 13 million users, while About.com has 22 million monthly users.
About.com has an advertising-supported network of sites run by experts who provide advice on topics ranging from personal finance to consumer electronics. The Times Co. says it expects to operate About.com as a distinct division and expand its content.
Primedia, which is owned by Kohlberg Kravis Roberts & Co., bought About.com in October 2000 for $690 million in stock, but was never able to successfully integrate the property with its stable of enthusiast magazines.
TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: aboutcom; internet; newyorktimes; primedia
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This seems like another way for the New York Slimes to introduce their leftist agenda upon the internet.
1
posted on
02/17/2005 6:43:00 PM PST
by
wagglebee
To: wagglebee
ah dangit! About.com can be very useful at times too.
2
posted on
02/17/2005 6:43:55 PM PST
by
Texas_Jarhead
(I believe in American Exceptionalism! Do you?)
To: wagglebee
About.com is a great site. I hope they don't screw up a good thing.
3
posted on
02/17/2005 6:44:28 PM PST
by
BigSkyFreeper
(Smoke free since January 16, 2005)
To: wagglebee
Damn, I thought about.com was pretty decent, might as well give it up as a lost cause now. (sigh)
4
posted on
02/17/2005 6:44:40 PM PST
by
Brian328i
To: BigSkyFreeper; Texas_Jarhead
Give it a few months and About.com will become an socialist mouthpiece.
5
posted on
02/17/2005 6:45:39 PM PST
by
wagglebee
("We are ready for the greatest achievements in the history of freedom." -- President Bush, 1/20/05)
To: wagglebee
This purcahse makes no sense to me. What business does the NYT think its in?
6
posted on
02/17/2005 6:46:01 PM PST
by
Uncledave
To: Uncledave
What business does the NYT think its in? Worldwide socialism.
7
posted on
02/17/2005 6:46:36 PM PST
by
wagglebee
("We are ready for the greatest achievements in the history of freedom." -- President Bush, 1/20/05)
To: wagglebee
About.com for me everytime I used it, seemed to be a treasure trove of useful info. I'd spend hours browsing through the plethora of categories there.
8
posted on
02/17/2005 6:47:28 PM PST
by
BigSkyFreeper
(Smoke free since January 16, 2005)
To: BigSkyFreeper
I agree. I just hope they don't make it into a propaganda factory like their newspaper.
9
posted on
02/17/2005 6:47:48 PM PST
by
mazack
To: Texas_Jarhead
10
posted on
02/17/2005 6:47:57 PM PST
by
Old Professer
(When the fear of dying no longer obtains no act is unimaginable.)
To: wagglebee
Oh crap! There goes the About.com
11
posted on
02/17/2005 6:49:52 PM PST
by
armymarinemom
(My sons freed Iraqi and Afghanistan Honor Roll students.)
To: Old Professer
It's a portal to just about any subject under the Sun, including the Sun.
12
posted on
02/17/2005 6:50:13 PM PST
by
BigSkyFreeper
(Smoke free since January 16, 2005)
To: Old Professer
It's a fairly expansive website that offers information "about" just about anything.
13
posted on
02/17/2005 6:50:53 PM PST
by
Texas_Jarhead
(I believe in American Exceptionalism! Do you?)
To: wagglebee
Oh well, there goes another resource into the muck of leftist propaganda.
14
posted on
02/17/2005 6:51:46 PM PST
by
thoughtomator
(If Islam is a religion, so is Liberal!)
To: Uncledave
What business does the NYT think its in? Too easy. Jihad, of course.
15
posted on
02/17/2005 6:52:39 PM PST
by
thoughtomator
(If Islam is a religion, so is Liberal!)
To: wagglebee
The Times Co. says it expects to operate About.com as a distinct division and expand its content.
Rather a chilling statement. A move to counter the bloggers by easier distribution of the Slimes propaganda?
16
posted on
02/17/2005 6:53:43 PM PST
by
crazyhorse691
(We won. We don't need to be forgiving. Let the heads roll!!!!!!!!!)
To: Texas_Jarhead
Indeed. Internet searches on Google can do a lot, but sometimes you need a directory created by a human being to organize things.
They better not go liberal.
17
posted on
02/17/2005 6:53:59 PM PST
by
rwfromkansas
("War is an ugly thing, but...the decayed feeling...which thinks nothing worth war, is worse." -Mill)
To: wagglebee
This is about a public company - N.Y. Times - and its shareholders, maybe you if you own a mutual fund, bailing out a private company -KKR- of a bad investement.
No way is about.com worth that kind of cabbage.
To: crazyhorse691
Wait a few months and search About.com on Ronald Reagan, you will be told about a homophobic, warmongering madman who nearly blew up the world.
19
posted on
02/17/2005 6:58:03 PM PST
by
wagglebee
("We are ready for the greatest achievements in the history of freedom." -- President Bush, 1/20/05)
To: wagglebee
Not if I can help it! I've been an employee at About.com for 5 years. They can't make me take down my 2005 George W. Bush calendar!
20
posted on
02/17/2005 7:03:08 PM PST
by
itslex71
(southern by birth, republican by the grace of my dad)
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