NEW YORK (AP) — The New York Times has completed its $300 million sale of The About Group to Barry Diller's IAC/InterActiveCorp.

IAC, which operates online businesses including Newsweek, The Daily Beast and dating site, announced the deal last month. provides information on a wide variety of topics and also operates and The site's content is written by paid experts known as guides.

The New York Times said Monday that it anticipates receiving about $290 million from the sale and plans to use those funds for general corporate purposes.

IAC says The About Group will become part of its search and applications segment.

The New York Times Co. purchased in 2005 for roughly $410 million. has suffered in the past year because of a change in the way Google handles search results. The change made content difficult to find.

The New York Times Co.'s stock added 6 cents to $9.64 in midday trading, while IAC/InterActiveCorp's stock fell 71 cents to $52.51.

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  • Jill Abramson, executive editor


  • Arthur Ochs Sulzberger Jr., publisher

  • Mark Thompson, CEO

  • Dean Baquet, managing editor

  • David Leonhardt, Washington bureau chief

  • Bill Keller, columnist and former executive editor

  • Andrew Rosenthal, editorial page editor

  • Paul Krugman, columnist

  • Thomas Friedman, columnist

  • Maureen Dowd, columnist

  • James Risen, Pulitzer Prize-winning reporter

  • David Brooks, columnist

  • Gail Collins (center), columnist

  • Frank Bruni, columnist


  • Nicholas Kristof, columnist


  • Charles Blow, columnist

  • Joe Nocera, columnist

  • Bill Cunningham, fashion photographer

  • Cathy Horyn, fashion critic

  • Mark Bittman, food columnist

  • Leah Finnegan, news assistant, Op-Ed/Sunday Review