NYT Nears $330M Deal to Acquire Letterboxd, Cinema Social Network

The New York Times is close to acquiring Letterboxd, a social network for film enthusiasts, for about $330 million, per the paper's own sources. The deal would expand NYT's digital portfolio beyond news into community-driven entertainment, though terms and regulatory review remain unconfirmed. This signals continued consolidation in niche social platforms by legacy media.

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