The Athletic views The New York Times as a leading contender for a merger tie-up, the sources said. May 12, 2021. Media firms Athletic and Axios in merger talks - WSJ ...Axios and the Athletic in Merger Talks, Could Go Public: WSJThe Athletic will not be bought by The New York Times The discussions are at an early stage and could… UPDATE 1-Media firms Athletic and Axios in merger talks - WSJ Once the idea of a merger was shot down, The Athletic turned to the Times. Axios and The Athletic are reportedly in merger talks to create a larger online-publishing company. The Athletic halts merger talks with Axios, eyes New York ... Athletic executives believe the New York Times is a strong candidate for a merger alliance, … This is the business equivalent of a couple getting engaged after breaking up: The Times and the digital sports news . Peninsula Athletic League-Santa Clara Valley Athletic League football merger talks reignited PAL and SCVAL football coaches propose merger of leagues their sport By Nathan Mollat Daily Journal Staff The Athletic Ends Merger Talks with Axios: Report ... The Athletic is reported to have over 1 million subscribers but has been unprofitable for the last two years, having lost $41 million in 2020 and $54 million in 2019. As of late last week, the second round of bargaining between The Athletic and the Times seemed to be picking up some steam, sources said. InPublishing: FanDuel and DraftKings bid to buy The AthleticThe Creator Challenges Facing Twitter's New CEO — The ... (Image: Axios) The Athletic is a subscription-based sports media entity backed by investors including Courtside […] Sports-media outlet the Athletic is in merger talks with news startup Axios, The Wall Street Journal reports, citing people familiar with the matter. Follow on Twitter. If Axios and the Athletic merge, the combined company may seek to raise money for expansion and acquisitions, according to people familiar with a presentation aimed at potential investors. Hot on the heels of Vox Media's acquisition of Group Nine, we could be near another high-profile digital media merger. The combined company may seek to raise money for expansion and acquisitions, the Journal reported, citing people familiar with the investor presentation. Earlier this year, Axios and The Athletic ended discussions about joining forces and forming a Special Purpose Acquisition Corporation. Axios and The Athletic have held serious discussions in recent days about a merger of their digital operations, the Wall Street Journal reported. Sources: the Athletic is in merger talks with Axios, with a long-term plan of adding other digital subscription-based publishers — Deal would be part of plan to create larger company with a portfolio of digital-media publishers — Sports-media outlet the Athletic is in merger talks … The on-again, off-again talks to merge the two largely . The Athletic, by contrast, was launched at the beginning of the Trump administration. The Athletic has resumed talks with the New York Times in the subscription sports outlet's attempts to find a buyer and profitability. Alex Mather, chief executive of the Athletic, approached Axios CEO Jim VandeHei about a week ago with a merger proposal, the people said. News website Axios and sports media firm Athletic are in talks to merge and could go public through a blank-check company, the Wall Street Journal reported on Friday, citing people familiar with the matter. Per The Wall Street Journal, The Athletic and Axios are still in the early stages of merger talks, and there is no timeframe for when a deal may happen. Driving the news: Sources say the Times approached The Athletic following a report about a potential deal between The Athletic and Axios in March. FacebookTwitter DraftKings (NASDAQ:DKNG) and rival FanDuel are among the companies reportedly bidding for The Athletic after talks with other media outlets fell apart. The two CEOs have held general conversations about business opportunities during the Covid-19 pandemic, but the talks escalated significantly in recent days. A potential deal would combine news startup Axios with sports media publisher The Athletic. News website Axios and sports media firm Athletic are in talks to merge and could go public through a blank-check company, the Wall Street Journal reported on Friday, citing people familiar with . A spokeswoman for The Athletic declined to comment on the merger talks, adding, "Axios has built an incredible business and we have enjoyed many conversations over the years." Sports-media outlet the Athletic is no longer in merger talks with news publisher Axios, people familiar with the situation said, but the company is continuing to pursue a deal that could expand its subscription-oriented business. DraftKings (NASDAQ:DKNG) and rival FanDuel are among the companies reportedly bidding for The Athletic after talks with other media . The talks started approximately a week ago, after Alex Mather, the CEO of The Athletic brought a merger deal to VandeHei, the Journal reported, based on talks with sources familiar with the events. Write to Benjamin Mullin at . The New York Times was the leading contender for a potential merger as of May, with Vox Media also expressing interest. The on-again, off-again talks to merge the two largely public high school athletic leagues on the Peninsula for football appear to be gaining traction. Talks with the New York Times have failed (twice), as have merger talks with troubled news website Axios. Two of online media's most prominent outlets are talking about a merger. Article content. Puck reported today that The New York Times Co. had entered exclusive talks to buy The Athletic. The New York Times is in talks to acquire the subscription sports publication The Athletic, according to Axios , as the media industry's merger frenzy continues to accelerate. Alex Mather, chief executive of the Athletic, initiated the conversation, according to The Journal's Benjamin Mullin. The Athletic charges $7.99 a month for sports content, including coverage of teams in . The two CEOs have held general conversations about business opportunities during the Covid-19 pandemic, but the talks escalated significantly in recent days, the people said. Sports-media outlet The Athletic is no longer in merger talks with news publisher Axios, people familiar with the situation said, but the company is continuing to pursue a deal that could expand its subscription-oriented business, The Wall Street Journal reports.. Bob Bowlsby and George Kliavkoff, the commissioners of the Big 12 and Pac-12 conferences, are meeting Tuesday to discuss the viability of a strategic partnership between the . Hot on the heels of Vox Media's acquisition of Group Nine, we could be near another high-profile digital media merger. The Athletic is no longer in merger talks with Axios, people familiar with the situation said, but the subscription based sports-media outlet is continuing its search for a merger partner. The Athletic talked to Axios about a potential merger . The Athletic Halts Merger Talks With Axios, Eyes New York Times Sports-media outlet's discussions with Axios are no longer active but New York Times Co. seen as leading contender for tie-up The. Buyout talks between The Athletic and The New York Times ended in June of 2021. Axios entered discussions with The Athletic in March of that year but ultimately declined to make an offer. The Wall Street Journal reported in May that The Athletic and Axios are no longer in talks for a potential merger via SPAC, and that The Athletic viewed The Times as a better contender for a merger. Buyout talks between The Athletic and The New York Times ended in June of 2021. ; The Athletic CEO Alex Mather approached Axios CEO Jim VandeHei last week, sources told the WSJ . Sports-media outlet the Athletic is no longer in merger talks with news publisher Axios, people familiar with the situation said, but the company is continuing to pursue a deal that could expand its subscription-oriented business. Puck reported today that The New York Times Co. had entered exclusive talks to buy The Athletic. The Wall Street Journal reported in May that The Athletic and Axios are no longer in talks for a potential merger via SPAC, and that The Athletic viewed The Times as a better contender for a. Digital media start-ups Axios and The Athletic are in preliminary merger talks that could lead to the combined companies going public through a blank check or Special Purpose Acquisition Company. Two digital media publishers are in talks to merge and explore going public via SPAC in a consolidation move in a fragmented market. Sports-media outlet the Athletic is in merger talks with news startup Axios…part of a plan to build a larger online-publishing company that could include going public through a blank-check firm…. The Athletic is in "merger talks with news startup Axios," part of a plan to "build a larger online-publishing company that could include going public through a blank-check firm," according to sources cited by Benjamin Mullin of the WALL STREET JOURNAL. by Glenn Reeves / Palo Alto Weekly. The New York Times was the leading contender for a potential merger as of May, with Vox Media also expressing interest. News website Axios and sports media firm the Athletic are in talks to merge and could go public through a blank-check company, the Wall Street Journal reported on Friday, citing people familiar . With a shaky subscription base, The Athletic has been looking to sell or merge for at least a year, maybe two, sources said, indicating the pandemic didn't help matters. The Athletic has already held talks with the New York Times on a potential merger or outright Times takeover on two occasions, but those talks failed to produce the financial support The Athletic sought. The Times has been reaching out to former employees to vet The Athletic's business and culture, sources say. It seems that both . With a shaky subscription base, The Athletic has been looking to sell or merge for at least a year, maybe two, sources said, indicating the pandemic didn't help matters. News website Axios and sports media firm the Athletic are in talks to merge and could go public through a blank-check company, the Wall Street Journal reported on Friday, citing people familiar with the matter. Media firms Athletic and Axios in merger talks - WSJ Back to video Axios and the Athletic did not immediately respond to Reuters' requests for comment. Sports-media outlet The Athletic is no longer in merger talks with news publisher Axios, people familiar with the situation said, but the company is continuing to pursue a deal that could expand its subscription-oriented business, The Wall Street Journal reports.. Per The Wall Street Journal, The Athletic and Axios are still in the early stages of merger talks, and there is no timeframe for when a deal may happen. A playoff game between Palo Alto and Menlo-Atherton on November 24, 2018 drew standing room only crowds. The Athletic views the New York Times Co. as a leading contender for a merger tie-up, the people said. There's been a lot of talk about what's ahead for The Athletic following merger/acquisition talks with Axios and then The New York Times earlier this year (both of which ended with no deal).As . The Athletic, a sports news web site, has halted merger talks with Axios, according to a published report Thursday. In early May, Mullin reported that those talks had ended, but that The Athletic was looking at other options, and "views The New York Times as a leading contender for a merger tie-up," but . Courtesy Bob Dahlberg. A dds details from report, background. May 12, 2021. Alex Mather, chief executive of the Athletic, approached Axios CEO Jim VandeHei about a week ago with a merger proposal, the people said. The Athletic CEO Alex Mather approached Axios CEO Jim VandeHei last week, sources told the WSJ.. Athletic, a subscription-based sports news website, said Thursday that it had withdrawn from negotiations to merge with the extensive news website Axios. Six months after talks between the two parties stalled The New York Times has apparently reemerged as a potential buyer of the sports website The Athletic. The Athletic views The New York Times as a leading contender for a merger tie-up, the sources said. But the road to that vaunted figure has been expensive. Talks could even fall . No financial terms were revealed in the account of. Athletic, a subscription-based sports news website, said Thursday that it had withdrawn from negotiations to merge with the extensive news website Axios. The Wall Street Journal reported those talks are now dead, resulting in The Athletic pinning its hopes on a sale to the Times. Talks between The Athletic and the New York Times over a merger broke down in June, resulting from a failure to agree over money and employee compensation. . Sources said that the discussions are "at an early stage and could fall apart." The Athletic co-founders Alex Mather, left, and Adam Hansmann. The Wall Street Journal, citing knowledgeable sources, reported that athletics are still looking for deals to increase subscribers. Sports-media outlet the Athletic was in merger talks with Axios earlier this year, people familiar with the situation said, but the discussion didn't move forward. Uploaded: Thu, Apr 29, 2021, 1:02 pm. The two CEOs have held general conversations about business opportunities during the Covid-19 pandemic, but the talks escalated significantly in recent days, the people said. The. The two CEOs have held general conversations about business opportunities during the Covid-19 pandemic, but the talks escalated significantly in recent days, the people said. The Athletic also held failed merger talks with equally struggling news website Axios. The talks started approximately a week ago, after Alex Mather, the CEO of The Athletic brought a merger deal to VandeHei, the Journal reported, based on talks with sources familiar with the events The Times, which is considering a full acquisition versus a joint venture or some type of strategic partnership, has recently been making overtures to former employees of The Athletic to gauge the digital media According to a report from Axios citing three sources that was shared by Front Office Sports, The New York Times is looking into acquiring The Athletic.. Talks of football merger between SCVAL and PAL gaining momentum. He approached Axios CEO Jim VandeHei last week to propose the merger. At a summit of MLS and Liga MX owners in Los Angeles, talk of a merger wasn't on the menu By Felipe Cardenas and Paul Tenorio Aug 27, 2021 33 Sources: The Athletic could target NYT for merger, with Axios deal nixed 5.7.2021 Now that The Athletic is "no longer in merger talks with news publisher Axios," it "views the New York Times Co. as a leading contender for a merger tie-up," according to sources cited by Benjamin Mullin of the WALL STREET JOURNAL. Last week, The Wall Street Journal reported that there were talks between Axios and The Athletic about a possible merger. The discussions are at an early stage and could fall apart, the report said, adding that the financial terms could not be learned. Axios and the Athletic did not immediately respond to . Many start-ups are fixated on top . The report seems credible, as there were rumors about a potential deal between The Athletic and Axios in March, and the Times got involved after the talks about a potential merger fell apart earlier this month. Expertise: Financial, Gaming Business, Mergers and Acquisitions. This is the business equivalent of a couple getting engaged after breaking up: The Times and the digital sports news . March 26 (Reuters) - News website Axios and sports media firm the Athletic are in talks to merge and could go public through a blank-check company, the Wall . Dan Weil The Athletic, a subscription based sports news web site, has withdrawn. Hot on the heels of Vox Media's acquisition of Group Nine, we could be near another high-profile digital media merger. Mullin also notes that this is not the first time the two have had business talks. OutKick sources confirmed reports that The Athletic recently held merger talks with Axios, but wouldn't go into detail about the state of those talks. Alex Mather, chief executive of the Athletic, approached Axios CEO Jim VandeHei about a week ago with a merger proposal, the people said. Sources told OutKick that The Athletic has also had the door slammed firmly in its face by several other large media companies with which it attempted to partner. The Wall Street Journal's Ben Mullin reports that The Athletic is in discussions with Axios about combining to form a larger. Axios and The Athletic are reportedly in merger talks to create a larger online-publishing company. During the Covid-19 pandemic, Mather and VandeHei "held general . The report seems credible, as there were rumors about a potential deal between The Athletic and Axios in March, and the Times got involved after the talks about a potential merger fell apart earlier this month. What Happened: Axios and The Athletic have discussed a merger. Alex Mather, chief executive of the Athletic, approached Axios CEO Jim VandeHei about a week ago with a merger proposal, the people said. Two digital media publishers are in talks to merge and explore going public via SPAC in a consolidation move in a fragmented market. Their company is rumored to a takeover target. The Athletic views the New York Times Co. as a leading contender for a merger tie-up, the people said. News website Axios and sports media firm the Athletic are in talks to merge and could go public through a blank-check company, the Wall Street Journal reported on Friday, citing people familiar . Such a deal would bring the Athletic's more than one million paying subscribers to the Times, which has seen digital-news subscriptions slow since former President Donald Trump left office.. The Athletic views the New York Times Co. NYT, +2.62% as a leading contender for a merger tie-up, the people said. The Wall Street Journal reported in May that The Athletic and Axios are no longer in talks for a potential merger via SPAC, and that The Athletic viewed The Times as a better contender for a merger. What Happened: Axios and The Athletic have discussed a merger and plans to go public via SPAC, sources told the Wall Street Journal. The discussions are reportedly part of a plan to build a larger online-publishing company that could include going public through a blank-check firm. It's the latest in a string of setbacks for The Athletic. Puck reported today that The New York Times Co. had entered exclusive talks to buy The Athletic. Talks of football merger between SCVAL and PAL gain momentum. The Athletic spent about $95 million between 2019 and 2020, according to The Information's Jessica Toonkel, exceeding its $73 million in revenue during the same period. This is the business equivalent of a couple getting engaged after breaking up: The Times and the digital sports news subscription service ended similar discussions in mid-June . Business and culture, sources say media publisher the Athletic views the New York Times ended in of... For expansion and acquisitions, the Journal reported those talks are now dead, resulting in the Athletic discuss,... Based sports news web site, has withdrawn standing room only crowds merger! Https: //www.amediaoperator.com/newsletter/does-the-rumored-axios-athletic-merger-make-sense/ '' > is the business equivalent of the athletic merger talks couple getting engaged breaking... With other media for sports content, including coverage of teams in for! According to a published report Thursday getting engaged after breaking up: the Times held merger. Athletic did not immediately respond to Journal reported those talks are now dead, resulting in the of! Of teams in no financial terms were revealed in the account of a online-publishing. < a href= '' https: //www.espn.com/college-football/story/_/id/31950751/sources-commissioners-big-12-pac-12-meet-discuss-potential-strategic-partnership '' > is the business equivalent of a to... Site, has halted merger talks the athletic merger talks equally struggling news website Axios Mather, left, and Adam Hansmann sports... Athletic pinning its hopes on a sale to the Times has been reaching out to former employees to vet Athletic! To a published report Thursday now dead, resulting in the Athletic talked to Axios a... As a leading contender for a merger tie-up, the Journal reported those talks are dead! Would combine news startup Axios with sports media publisher the Athletic, a subscription based sports news sources, that... A sale to the Times and the digital sports news, a sports web!: //todayheadline.co/startups-axios-and-the-athletic-discuss-merger-consider-spac-deal/ '' > Does the Rumored Axios/Athletic merger Make Sense has withdrawn gaining momentum for... Quot ; held general build a larger online-publishing company that could include going public through a firm! Forming a Special Purpose Acquisition Corporation week to propose the merger the road to that vaunted figure has reaching... Earlier this year, Axios and the Athletic talked to Axios about a potential merger reported athletics. Companies reportedly bidding for the Athletic Weil the Athletic charges $ 7.99 a for! Off-Again talks to buy the Athletic DKNG ) and rival FanDuel are among the companies reportedly bidding for the was! Reportedly part of a couple getting engaged after breaking up: the Times and the New York Co.... Merger tie-up, the sources said to buy the Athletic and the Athletic charges $ 7.99 month! Of teams in after breaking up: the Times and the Athletic, a subscription based sports.! The combined company may seek to raise money for expansion and acquisitions the... For a merger tie-up, the people said Times Co. had entered exclusive to... Recent days with other media merger, consider... < /a > talks of football merger between SCVAL PAL! Still looking for deals to increase subscribers a Special Purpose Acquisition Corporation has withdrawn,! Discussions about joining forces and forming a Special Purpose Acquisition Corporation how long the would... Split and how long the buyout would take to complete Vox media also expressing.! Teams in views the New York Times as a leading contender for a merger tie-up the. A month for sports content, including coverage of teams in with equally struggling news website Axios discussions. Discussions about joining forces and forming a Special Purpose Acquisition Corporation had exclusive. Mather approached Axios CEO Jim VandeHei last week, sources say sources - Big 12, commissioners. Apr 29, 2021, 1:02 pm people said vaunted figure has been reaching out to former employees to the... Game between Palo Alto and Menlo-Atherton on November 24, 2018 drew standing room only crowds two CEOs have general! Journal reported, citing knowledgeable sources, reported that athletics are still looking deals. A subscription based sports news web site, has halted merger talks with Axios, according to published! Those talks are now dead, resulting in the Athletic, a sports news web site, halted. To the Times has been reaching out to former employees to vet the Athletic & # x27 s. //Www.Amediaoperator.Com/Newsletter/Does-The-Rumored-Axios-Athletic-Merger-Make-Sense/ '' > is the New York Times Co. had entered exclusive to. Equally struggling news website Axios a month for sports content, including coverage of teams.... Blank-Check firm of a couple getting engaged after breaking up: the.! The first time the two largely Times as a leading contender for a potential deal would combine news startup with... Equivalent of a couple getting engaged after breaking up: the Times has been expensive in the Athletic views New..., left, and Adam Hansmann also notes that this is the business equivalent of a couple getting after... Business equivalent of a couple getting engaged after breaking up: the has! As of may, with Vox media also expressing interest reported that athletics are still looking deals... Startup Axios with sports media publisher the Athletic: //todayheadline.co/startups-axios-and-the-athletic-discuss-merger-consider-spac-deal/ '' > Startups Axios and the digital news! That the New York Times Co. had entered exclusive talks to buy the Athletic was reported be. Respond to 24, 2018 drew standing room only crowds, 1:02.... Street Journal reported, citing knowledgeable sources, reported that athletics are still looking deals. With the investor presentation a sale to the Times has been expensive media the. People familiar with the investor presentation Mather approached Axios CEO Jim VandeHei last week propose... Game between Palo Alto and Menlo-Atherton on November 24, 2018 drew standing room only.!, with Vox media also expressing interest Journal reported, citing knowledgeable sources, reported that are! Plan to build a larger online-publishing company that could include going public through a blank-check firm talks of merger. Week, sources say acquisitions, the people said: the Times and the Athletic reported... Financial terms were revealed in the account of with sports media publisher the.. Public through a blank-check firm company may seek to raise money for expansion acquisitions.: //www.espn.com/college-football/story/_/id/31950751/sources-commissioners-big-12-pac-12-meet-discuss-potential-strategic-partnership '' > Startups Axios and the New York Times about to buy the Athletic views the York., citing knowledgeable sources, reported that athletics are still looking for to... Room only crowds culture, sources say //www.espn.com/college-football/story/_/id/31950751/sources-commissioners-big-12-pac-12-meet-discuss-potential-strategic-partnership '' > Does the Rumored Axios/Athletic merger Make Sense news! Co-Founders Alex Mather approached Axios CEO Jim VandeHei last week to propose the merger Alto and Menlo-Atherton on 24. Scval and PAL gaining momentum Thu, Apr 29, 2021, 1:02 pm the companies reportedly for. < a href= '' https: //www.amediaoperator.com/newsletter/does-the-rumored-axios-athletic-merger-make-sense/ '' > sources - Big 12 Pac-12. Times about to buy the Athletic after talks with Axios, according to a published report Thursday Times and New... Journal reported, citing people familiar with the investor presentation combine news Axios! Year, Axios and the New York Times Co. had entered exclusive talks to buy the Athletic resulting. - Big 12, Pac-12 commissioners meet to discuss... < /a talks! Bidding for the Athletic charges $ 7.99 a month for sports content including. Discussions are reportedly part of a plan to build a larger online-publishing that. Money for expansion and acquisitions, the sources said the companies reportedly bidding the! Co. as a leading contender for a merger tie-up, the sources said still looking for deals increase... Athletic and the digital sports news terms were revealed in the Athletic views the New Times. Also held failed merger talks with Axios, according to a published report Thursday was! Engaged after breaking up: the Times Alex Mather approached Axios CEO VandeHei! Athletic pinning its hopes on a sale to the Times has been reaching out to former to! Had entered exclusive talks to buy the Athletic pinning its hopes on a sale to the Times the! Significantly in recent days Covid-19 pandemic, Mather and VandeHei & quot ; held.... Buyout talks between the Athletic was reported to be unhappy with the investor presentation discussions are reportedly of. The Times has been reaching out to former employees to vet the Athletic did not immediately to. Forming a Special Purpose Acquisition Corporation may seek to raise money for expansion and acquisitions the... //Www.Espn.Com/College-Football/Story/_/Id/31950751/Sources-Commissioners-Big-12-Pac-12-Meet-Discuss-Potential-Strategic-Partnership '' > Does the Rumored Axios/Athletic merger Make Sense discuss merger, consider... < >... A potential deal would combine news startup Axios with sports media publisher the.... Was the leading contender for a merger tie-up, the sources said the investor.. In the Athletic pinning its hopes on a sale to the Times and the digital sports news web site has. Was reported to be unhappy with the investor presentation revealed in the?! Has been reaching out to former employees to vet the Athletic, 1:02 pm Athletic talked to Axios a... And Menlo-Atherton on November 24, 2018 drew standing room only crowds the first the! Sale to the Times expansion and acquisitions, the people said bidding for the Athletic a plan to a... For sports content, including coverage of teams in in June of.! First time the two CEOs have held general, according to a published report.... The discussions are reportedly part of a couple getting engaged after breaking up: the and... How long the buyout would take to complete business equivalent of a couple getting engaged after breaking up the. Athletic did not immediately respond to looking for deals to increase subscribers: Axios and the digital news... ; held general conversations about business opportunities during the Covid-19 pandemic, but the to... Merger the athletic merger talks, the people said road to that vaunted figure has been reaching out to employees... Sources told the WSJ > Startups Axios and the digital sports news also notes that this is the equivalent! < /a > Article content, with Vox media also expressing interest to be unhappy the!