NY Times to sell interest in Indeed, record $100 million gain

Tue Sep 25, 2012 9:51am EDT
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(Reuters) - The New York Times Co will sell its remaining interest in online jobs search website Indeed.com, which is being acquired by Japan's executive search firm Recruit Co Ltd for an undisclosed amount.

New York Times, which publishes its namesake newspaper and the Boston Globe, said it expects to record an after-tax gain of about $100 million in the fourth quarter.

(Reporting by Sayantani Ghosh in Bangalore; Editing by Supriya Kurane)