Thursday, June 10, 2010

Twofer funny...

Who will bid on Newsweek?

Today's the day. Those interested in purchasing Newsweek need to make their interest known by C.O.B. today. Who will bid? Keith Kelly: The field looks fairly light as the deadline for first-round "letters of interest" comes due today for Newsweek. The weekly magazine lost $28.3 million last year, but cut red ink down to $2.3 million in the first quarter, according to filings by The Washington Post Co., which owns the mag. Observers think the potential for strategic buyers — who could pick it up and plug it into existing operations is fairly limited...


Liberal Heads Explode Over Prospect of Newsweek Acquisition by NewsMax


No comments: