New York Times Negotiates to Acquire Letterboxd for $330 Million

• The New York Times is in exclusive negotiations to acquire Letterboxd.
• The acquisition price is reported to be around $330 million.
• Letterboxd is a popular community site for cinephiles.
• The deal is part of The New York Times' effort to expand its product and service offerings.
• Letterboxd's projected earnings for 2026 are about $15 million, making the acquisition price over 20 times that amount.