My feelings exactly. IMO, the deal killer is this quote: Post Co. indicated in the summary sent to potential buyers that the company would assume all long-term employee-related liabilities, including pension and retirement obligations, as of the sale date.
No, fire everybody with the option to rehire those you want (probably no reporters) then fill the ranks with your own people. That's why you buy the outfit in the first place.
That explains why it hasn’t been sold. Nobody’s going to take on Newsweek as a vanity.
Besides, the Post can take on these obligations, just hire them for the newspaper.