The New York Times Adds The Athletic, Loses Ben Smith To A New Venture
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You've probably seen the ads: for just $1 a month, you can have The Athletic for an entire year. Apparently, the powers-that-be at The New York Times called that bet and raised it by $550 million. On Thursday, news broke that the paper of record is acquiring the subscription-based sports media start-up.
But as the Grey Lady snaps up a competitor, one of its own is leaving to launch another. Media columnist and newsroom star Ben Smith is leaving the paper to launch a new news enterprise with Bloomberg Media CEO Justin Smith (of no familial relation).
Source Fool.com
