New York Times Co. Said to Have Reached Deal for The Athletic

The New York Times Company has reached an agreement to buy The Athletic, the online sports news outlet with 1.2 million subscriptions, in a deal valued at around $550 million, according to two people with knowledge of the matter. The acquisition could help The Times reach 10 million subscriptions ahead of its 2025 goal.

Started in Chicago in 2016 by two media entrepreneurs, Alex Mather and Adam Hansmann, The Athletic was made for die-hard fans who were not finding the in-depth coverage they…

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