New York Times to Buy the Athletic in $550 Million Deal

  • Paper acquires sports website with 1.2 million subscribers
  • The Athletic will remain a standalone product, Times CEO says
The Athletic website

Source: Bloomberg

The New York Times Co. agreed to buy the Athletic, acquiring a sports-news website with more than 1 million subscribers.

The newspaper publisher is paying $550 million for the Athletic, which will remain a standalone product, Times Chief Executive Officer Meredith Kopit Levien said Thursday in a statementBloomberg Terminal. The deal is expected to close by the end of March.