Michael J. de la Merced for New York Times:

The New York Times Company has agreed to sell the About Group, which includes the About.com network of topic sites, to Barry Diller’s IAC/InterActiveCorp for about $300 million in cash, the company said on Sunday.

The Times plans continue its refocusing on “its core newspaper and Web site operations,” according to the report. IAC, owned by Barry Diller, operates Match.com, Newsweek and The Daily Beast. Diller paid about $100 million less than the Times paid for About.com in 2005.