Deadline’s Jill Goldsmith reports the New York Times Company is in advanced talks to buy Letterboxd for $350 million after rival bidder A24 exited the process.
Signal from deadline.com · Jill Goldsmith · read the original.
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Simon Owens’s Media Newsletter argues the New York Times’ late-stage talks to buy Letterboxd, reported at $330 million, aren’t about ads or subscriptions but about interactivity, the same logic behind its Wordle acquisition for widening its subscription funnel.
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