The New York Times Buys Consumer Guide The Wirecutter for $30 Million+
Last Monday The New York Times announced its purchase of The Wirecutter and The Sweethome, online guides for technology gear, home products and other consumer services in an all-cash transaction. Though The New York Times (NYSE: NYT) did not reveal the price tag, Recode reports The Times will pay more than $30 million for the acquisition, including retention bonuses and other payouts. What does this acquisition mean for The New York Times?
The New York Times Buys Consumer Guide The Wirecutter for $30 Million+ Read More »