TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

New York Times Company Finalizes Sale of About.com

With a $300 million price tag, The New York Times Company completed the sale this morning of About Group to Barry Diller‘s IAC. We first reported Diller’s deal last month.

The About Group encompasses About.com, and lesser known Web sites: Caloriesearch.com and Caloriecount.com.

The Times reports the company’s after-tax proceeds, which are worth about $290 million, will be used for “general corporate purposes.”

The Times, on the losing end of the sale, bought the Internet sites in 2005 for more than $400 million.

Mediabistro Course

Children's Picture Book Writing

Children's Picture Book WritingStarting September 15, this part lecture, part workshop course will take you through the process of outlining, writing, editing, and submitting a children's picture book. Taught by a published children's book author, Dashka Slater will teach you how to write in pictures, hook readers and editors with your story, apply the nuts and bolts of marketing, and more. Register now!