The New York Times Company announced Thursday its agreement to purchase The Athletic, a sports media company, for $550 million.
The acquisition will help The New York Times reach its goal of having 10 million subscriptions by 2025, according to a company press release.
The Athletic charges a monthly subscription and provides coverage of over 200 sports clubs and teams both in the U.S. and around the world.
Former President Donald Trump asked the Pulitzer Prize committee on Sunday to strip awards to The Washington Post and The New York Times, arguing their award-winning stories in 2016 and 2017 alleging Russia collusion lacked “any credible evidence “
The newspapers’ reporting was “based on the false reporting of a non-existent link between the Kremlin and the Trump Campaign. The coverage was no more than a politically motivated farce,” Trump wrote in a letter to interim Pulitzer administrator Bud Kliment.
Trump noted that multiple investigations have dismissed any notion of collusion between his campaign and the Kremlin and that a recent indictment by Special Prosecutor John Durham traced some of the key allegations to people tied to Hillary Clinton’s campaign.
Journalism professors at UNC Chapel Hill are protesting a “core values” statement that upholds objectivity as a key tenet of news reporting.
Faculty members of UNC’s Hussman School of Journalism and Media converged last week to bemoan a statement of values that’s etched in granite and is found in the lobby of their school.
The core values statement, installed two years ago, touts objectivity, impartiality, integrity and truth-seeking, and after their kvetching session that statement was reportedly scrapped from the school’s website, the News & Observer reports.
In 2019, Walter Hussman, a UNC alumnus and owner of a media conglomerate of newspapers and other media outlets, donated $25 million to the UNC journalism school. Part of the donation contract installed those values into the school’s wall and mission, according to UNC’s website.