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The New York Times is buying sports news site The Athletic.
The deal is valued at $550 million. It's one of The New York Times' largest-ever acquisitions.
"We are now in pursuit of a goal meaningfully larger than 10 million subscriptions and believe The Athletic will enable us to expand our addressable market of potential subscribers," said New York Times Co. CEO Meredith Kopit Levien.
Read more from The Associated Press.
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