Why the NYT is circling Letterboxd for $330 million
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.
Why it matters. If the deal closes, the Times gains a owned social layer that other publishers can’t match without buying their own niche network.
Signal from Simon Owens's Media Newsletter · Simon Owens · read the original.
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