New York Times Company Sells Interest in, Nets $100 Million


By Chris O'Shea Comment

It’s only Tuesday, but it has already been a pretty good week for The New York Times Company. The paper just announced that it is selling its interest in, a jobs site, and expects that sale to net the Times $100 million in profit. According to Reuters, the site is being sold to a Japanese recruitment firm.

The sale comes on the heels of the Times closing on its deal, which saw the company pull in $300 million.

That means only two days deep into the work week and the Times has gained $400 million. Not bad at all.