The New York Times Co. has agreed to acquire Serial Productions, the company behind podcast hit Serial,as it looks to build out its audio business.
The deal will allow the studio, which will continue to commission and edit its own stories, to produce more projects than it did previously.
Since Serial launched in 2014, it has released three seasons. "We’re incredibly proud of Serial and wanted to find a home where we felt shared values, one where we would be supported and resourced to tell more stories, of the highest quality," executive editor Julie Snyder said in a statement. "We're thrilled to be joining the Times, where they have demonstrated a commitment to pursuing the possibilities of audio and long-form narrative journalism." Serial.
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