Media

New York Times Selling About.com

Looking to sell to Answers.com

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The New York Times' time with About.com may be coming to an end. The paper has been looking to get rid of the struggling Web site, which produces high-volume, low-cost content, and has a deal in place to sell it to Answers.com.

The question-and-answers site has signed a letter of intent to buy About for $270 million, according to people familiar with the transaction.