New York Times Company reportedly in talks to acquire film social platform Letterboxd for $330 million

Sources say the New York Times Company is in exclusive negotiations to acquire Letterboxd, a film-focused social platform valued at approximately $330 million. If the deal goes through, it would further expand the media company's reach beyond its core news business; previously, the New York Times Company has acquired sports website The Athletic, product review service Wirecutter, and game Wordle. In the third quarter of this year, the company added 420,000 pure digital subscribers, bringing its total paid subscriber count to 13.8 million.