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Washington Post looking to sell Newsweak
 Good luck with that...
The Washington Post Co. is putting Newsweek up for sale in hopes that another owner can figure out how to stem losses at the 77-year-old weekly magazine.
I dunno...porn?
| If Labour wins in Britain, there's a group of Page 3 girls who'll be looking for work. Newsweek can probably go the first six months just using photos from the files -- the Yanks wouldn't know. |
| We tried that here; our readership liked it but it posed other problems ... |
The publishing industry has been struggling as businesses cut back on ad budgets during the recession. But Newsweek, along with Time magazine and U.S. News & World Report, faces a particular challenge finding a relevant niche in the age of up-to-the-second online news. Once handy digests of the week's events, they have been assailed by competitors on the Web that pump out a constant stream of news and commentary.
Maybe change it to "Obama" magazine. Hey, it worked for Oprah...
The Post Co.'s magazine division had an operating loss of $29.3 million in 2009, compared with a $16.1 million loss the year before. Newsweek sold about 26 percent fewer ad pages in 2009, according to the Publishers Information Bureau. That percentage decline was consistent with the industry average.
Geez, don't everybody push and shove. You'll all get a chance to submit a bid.
Newsweek, which recently underwent a top-to-bottom redesign of both its print and online editions,
| That top to bottom redesign to serve the liberal elites didn't fix the mounting losses. So maybe a redesign that alienated half the country was a bad idea? Oh, what I am saying ... |
was founded in 1933 and has been owned by the Post Co. since 1961. Its paid circulation averaged nearly 2 million copies in the last six months of 2009.
Wow, there's 2 million dentists in the United States?
| Don't forget the doctors. There's a number of them beavering away at our various bodily illnesses and conditions. |
| Patients have to read something while they're waiting to have their legs cut off ... |
Sorry. I thought doctors just kept Time in business...
Posted by: tu3031 2010-05-05 |
