New York Times Company Sells Interest in Indeed.com, Nets $100 Million
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 Indeed.com, 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 About.com deal, which saw the company pull in $300 million.
That
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