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Newsweek sold

Discussion in 'Journalism topics only' started by Captain Obvious, Aug 8, 2013.

  1. Didn't notice a thread. Newsweek will be sold to IBT Media for an undisclosed amount. The sale price in 2010 was $1, plus assuming $47 million in debt.

  2. Mark2010

    Mark2010 Active Member

    Once upon a time, a certain paper was put up for sale. Someone asked the price. My colleague responded "75 cents, or a buck 50 on Sundays."
  3. BYH

    BYH Active Member

    "The sale marks the next step in the evolution of the weekly magazine. "

    Well, I guess dying a painful death counts as evolution, in a weird way.
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