New York Times Buys Baseline Studio Systems
From the Associated Press
New York Times Co. said it bought Baseline Studio Systems of Santa Monica for $35 million in cash from Hollywood Media Corp. in a move to diversify its online revenue.
Baseline, an online database and research service for the film and television industries, charges subscribers for access to more than 1.5 million records with various facts, analysis, statistics, news, contacts and trends on the entertainment industry.
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