Tag: $1 sale
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EDITORIAL: Prized Magazine ‘Newsweek’ Acquired For $1; Publishing Continues To Bleed — Even As Autosurf Cheerleaders Say They Have The Answer To Lagging Ad Sales
The Associated Press reported yesterday that the Washington Post sold Newsweek magazine — an American treasure — for $1. The Post also absorbed $10 million in debt for Newsweek, which lost nearly $30 million last year. How much is $30 million? Well, it’s about $1.6 million less than AdSurfDaily President Andy Bowdoin had in a…
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Could Sale Of Business Week Magazine Fetch Only $1?
It sounds impossible, but could the buyer of a flagship business publication with a circulation of more than 900,000 pay only $1? Business Week magazine could net McGraw-Hill only eight bits, according to The Financial Times. Business publishing is in steep decline, and print publishing in general is suffering. Prominent titles are paring back or…