New York Times Selling About.com
Looking to sell to Answers.com
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.