New York Times to buy the Athletic in $550m deal

The sports-news website has more than 1 million subscribers

Started six years ago, the Athletic established itself by poaching big-name sportswriters from news outlets.

The New York Times agreed to buy the Athletic, acquiring a sports-news website with more than 1 million subscribers, according to a person familiar with the matter.

The deal is valued at around $550m (€487m), said the person, who asked not to be identified because it hasn’t been announced.