needynicky's  Instablog

Send Message
  • The New York Times Company Completed The Sale Of About Group (NYT, IACI) 0 comments
    Sep 24, 2012 1:57 PM


    nyt The New York Times Company (NYSE:NYT)

    iaci IAC/InterActiveCorp (NASDAQ:IACI)

    NYT announced the closing of the sale of its About Group, which includes the Web sites of, and, to IACI for $300 million in cash, plus adjustments for working capital. The Company estimates the net after-tax proceeds from the sale will be approximately $290 million and plans to use the sale proceeds for general corporate purposes.

    (NYT Chart)


    The New York Times Company (NYSE: NYT), a leading global, multimedia news and information company with 2011 revenues of $2.3 billion, includes The New York Times, the International Herald Tribune, The Boston Globe,,, and related properties. The Company’s core purpose is to enhance society by creating, collecting and distributing high-quality news and information. For more information about The New York Times Company visit

    (IACI Chart)


    IAC (NASDAQ: IACI) is a leading media and Internet company comprised of more than 150 brands and products, including,, CollegeHumor, and CityGrid Media. Focused in the areas of Search, Personals, Local and Media, IAC's family of websites is one of the largest in the world, with nearly a billion monthly visits across more than 30 countries. The company is headquartered in New York City with offices in various locations throughout the U.S. and internationally. To view a full list of the companies of IAC, please visit our website at


    crwe_logo_2 Crown Equity Holdings Inc. (OTCPK:CRWE)

    CRWE has launched a online service companies CRWE Real Estate. CRWE launched CRWE Real Estate to provide a global portal for property listings at a fee of only $1 a day. CRWE Real Estate ( is to empower consumers with information and tools to make smart decisions about homes, real estate and mortgages.

    CRWE offers advertising branding and marketing services as a worldwide online multi-media publisher with its digital network of websites and focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them. Crown Equity Holdings advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. For more information about Crown Equity Holdings Inc. visit .



    Disclaimer: publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. (Read Full Disclaimer at

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Back To needynicky's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.