The New York Times is buying The Athletic, whose cofounder once promised to wait every local paper out and let them continuously bleed until we are the last ones standing » Nieman Journalism Lab

The New York Times is buying sports subscription site The Athletic for $550 million, The Information reported Thursday (Bloomberg has confirmed). As also previously reported by The Information, The Athletic had wanted more like $750 million. From that piece by Jessica Toonkel:

The Athletic has b…

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