The New York Times Co. has agreed to sell its troubled online information service, About.com, to rival Answers.com for $270 million, or two-thirds what the Times paid for it in 2005, according to a person familiar with the matter.
The New York Times Co. has agreed to sell its troubled online information service, About.com, to rival Answers.com for $270 million, or two-thirds what the Times paid for it in 2005, according to a person familiar with the matter.