The New York Times Company Completes Sale of Baseline to Project Hollywood LLC
October 7, 2011
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NEW YORK & LOS ANGELES, Oct 07, 2011 (BUSINESS WIRE)
The New York Times Company (NYSE: NYT) has sold its Baseline unit to Project Hollywood LLC, a privately held company which is majority owned by media and Internet entrepreneurs Laurie S. Silvers and Mitchell Rubenstein. Terms of the transaction were not disclosed. Baseline, based in Los Angeles, Calif., is a leading online subscription database and research service for information on the film and television industries, and a provider of premium film and television data to Web sites.
About The New York Times Company
The New York Times Company, a leading media company with 2010 revenues of $2.4 billion, includes The New York Times, the International Herald Tribune, The Boston Globe, 15 other daily newspapers and more than 50 Web sites, including NYTimes.com, BostonGlobe.com, Boston.com and About.com. The Company’s core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment.
About Project Hollywood LLC
Project Hollywood LLC is majority owned by Laurie S. Silvers and Mitchell Rubenstein, who previously founded the SyFy Channel and MovieTickets.com. Ms. Silvers and Mr. Rubenstein currently own a variety of Internet properties including Hollywood.com, Spill.com, and Hollywood Wiretap.
This press release can be downloaded from www.nytco.com
SOURCE: The New York Times Company