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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...
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