WHO ARE THE PARTIES TO THE DEAL?
- The Athletic: San Francisco-based The Athletic provides digital sports coverage to fans of over 200 teams and clubs in the US. The media startup published 55,000+ articles and 6,500 hours of audio content in 2021. Founded in 2016, the startup currently has 1.2M paying subscribers. The Athletic is expected to hit $55M in revenue in FY’21, up 17% from FY’20. The company maintains a presence across the US, Canada, the UK, and Europe, and it is supported by a team of 450 employees.
- The New York Times: Manhattan-based The New York Times creates, collects, and distributes news and information via digital and print channels. The company has doubled its subscriber base over the past 3 years to reach 8M+ across 232 countries and territories. In FY’20 The New York Times generated $1.8B in revenue and $101M in net income. The company has about 4,700 employees, including 1,700 newsroom staff, globally.
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