Newsweek Sold Again, This Time To Digital News Company IBT Media

Los Angeles Times ^ | August 5, 2013 | Andrea Chang

[Biggirl]

Newsweek, the former weekly news magazine that now publishes online only, is being sold to digital news company IBT Media.

Terms of the deal, announced late Saturday, were not disclosed.

[GeronL]

So basically they bought a URL

[Izzy Dunne]

Terms of the deal were not disclosed.

A buck three-fifty and a pass to WaterWorld water park.

[John O]

Rumor has it the price was a 1976 issue of Time magazine and a half chewed piece of bubble gum.

[from occupied ga]

Hopefully it will continue to descend into complete and final oblivion. (Along with Time & US News and World Report)

[twister881]

“It’s dead, Jim!”

[twister881]

The death throes of the DinosaurMedia.

[Hillarys Gate Cult]

Once again this answers the question of how does one make a small fortune in leftist media? The answer is start with a large one.

[bert]

Think that over again.

News Week was reportedly sold for $1. The buyer has now sold it again. There is not any way he (she) could not have made a profit on the sale.

I think he died somewhere along the line but can’t remember.

[sr4402]

Newsweek was owned by the Washington Post, then sold to Sidney Harman, who merged it with The Daily Beast, run by Tina Brown. But in 2011, Mr. Harman died, leaving it with IAC and Tina Brown.

Sounds like it, and a lot of other liberal/progressive media, has been on a downhill slide for a long time and boat loads of money has been spent trying to keep it alive.

[Right Wing Assault]

I would have paid $2 to the buyer who bought it for $1.

It would be really fun the run Newsweek as a conservative mag.

[from occupied ga]

Unfortunately the 0bama worshipping media is still alive and well, but its monopoly on the ear of the public has been broken. The low information voters (those who elected the current incarnation of Robert Mugabe in the white hosue) get what little information they have from it.

Those in liberal police states like MA, NY, NJ, MD, IL, CT, etc. support it becuase it panders to their worldview. Here in Atlanta, the local fishwrapper* still puts out its liberal racist slant on everything, and makes considerable profits in doing so. Not as much as 25 years ago, but it isn't going under yet.

Ga governors all have their portraits hanging in the state house. Former governor Lester Maddox had his picture painted with a fish wrapped in the Atlanta Urinal/Constipaion on his desk.

[liberalh8ter]

We're it bought by IBTZ media, I would be interested.

[bert]

How about this.....

Jane Harmon sold News Week to raise cash for some more work on her face

[Eric in the Ozarks]

I liked USN&WR. It seemed to be the least biased (as if that could be some recognition) of the weeklies.

[tumblindice]

An Archie comic book, some leftover beef jerky and a sample bottle of Jergens hand lotion.

[KarlInOhio]

News Week was reportedly sold for $1. The buyer has now sold it again. There is not any way he (she) could not have made a profit on the sale.

Although the $1 price was the subject of much laughter, the actual purchase was $1 and taking over the magazine's debt which was a lot more. It would be very easy to lose a lot of money that way if the new owner won't take on the debt and only wants the name.

Although I do enjoy the idea of Newsweek becoming The Bottle Imp which is cursed to be sold for less money on each sale.