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NY Times to buy About.com for $410m

PHILADELPHIA (Reuters)

The New York Times Company on Thursday said it will buy online information portal About.com for $410 million from publisher Primedia as it looks for new ways to build advertising revenue over the Internet.

The Times Co., whose newspapers include The New York Times and The Boston Globe, said it will expand About.com?s content and visibility and use the site to market its products and those of advertisers.

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