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New York Times Company in Advanced Talks to Acquire Letterboxd

NYT > Business > Media · Benjamin Mullin and Lauren Hirsch · last updated

The roughly $330 million deal for the cinephile community site would be part of an effort to add new products and services to the company’s portfolio.

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Related Knowledge Center: State of the business model

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The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.

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