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Newsweek Sold Again, This Time To Digital News Company IBT Media
Los Angeles Times ^
| August 5, 2013
| Andrea Chang
Posted on 08/05/2013 4:02:34 AM PDT by 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.
(Excerpt) Read more at latimes.com ...
TOPICS: News/Current Events
KEYWORDS: dbm; ibtmedia; oldnews
1
posted on
08/05/2013 4:02:35 AM PDT
by
Biggirl
To: Biggirl
So basically they bought a URL
2
posted on
08/05/2013 4:03:56 AM PDT
by
GeronL
To: Biggirl
Terms of the deal were not disclosed. A buck three-fifty and a pass to WaterWorld water park.
3
posted on
08/05/2013 4:04:17 AM PDT
by
Izzy Dunne
(Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
To: Biggirl
Rumor has it the price was a 1976 issue of Time magazine and a half chewed piece of bubble gum.
4
posted on
08/05/2013 4:04:51 AM PDT
by
John O
(God Save America (Please))
To: Biggirl
Hopefully it will continue to descend into complete and final oblivion. (Along with Time & US News and World Report)
5
posted on
08/05/2013 4:17:09 AM PDT
by
from occupied ga
(Your government is your most dangerous enemy)
To: Biggirl
To: from occupied ga
The death throes of the DinosaurMedia.
To: Biggirl
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.
8
posted on
08/05/2013 4:26:21 AM PDT
by
Hillarys Gate Cult
(Liberals make unrealistic demands on reality and reality doesn't oblige them.)
To: Hillarys Gate Cult
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.
9
posted on
08/05/2013 4:30:32 AM PDT
by
bert
((K.E. N.P. N.C. +12 ..... Travon... Felony assault and battery hate crime)
To: Biggirl
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.
10
posted on
08/05/2013 4:49:43 AM PDT
by
sr4402
To: bert
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.
11
posted on
08/05/2013 4:54:28 AM PDT
by
Right Wing Assault
(Dick Obama is more inexperienced now than he was before he was elected.)
To: twister881
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.
12
posted on
08/05/2013 4:54:39 AM PDT
by
from occupied ga
(Your government is your most dangerous enemy)
To: Biggirl
We're it bought by IBTZ media, I would be interested.
13
posted on
08/05/2013 4:55:29 AM PDT
by
liberalh8ter
(The only difference between flash mob 'urban yutes' and U.S. politicians is the hoodies.)
To: sr4402
How about this.....
Jane Harmon sold News Week to raise cash for some more work on her face
14
posted on
08/05/2013 4:56:15 AM PDT
by
bert
((K.E. N.P. N.C. +12 ..... Travon... Felony assault and battery hate crime)
To: from occupied ga
I liked USN&WR. It seemed to be the least biased (as if that could be some recognition) of the weeklies.
15
posted on
08/05/2013 5:13:01 AM PDT
by
Eric in the Ozarks
("Say Not the Struggle Naught Availeth.")
To: Biggirl
An Archie comic book, some leftover beef jerky and a sample bottle of Jergens hand lotion.
16
posted on
08/05/2013 5:14:42 AM PDT
by
tumblindice
(America's founding fathers: All armed conservatives.)
To: bert
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.
17
posted on
08/05/2013 7:10:55 AM PDT
by
KarlInOhio
(This message has been recorded but not approved by Obama's StasiNet. Read it at your peril.)
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