Newsweek sold

[Captain Obvious]

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.

http://www.thedailybeast.com/articles/2013/08/03/newsweek-magazine-sold-to-ibt-media.html

 

[Mark2010]

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."

 

[BYH]

"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.