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Washington Post: Newsweek up for sale
 [Iran Press TV Latest] The Washington Post has announced it is exploring the possible sale of its highbrow magazine Newsweek as the weekly continues to suffer big losses. Newsweak is highbrow? Who knew? "The losses at Newsweek in 2007-2009 are a matter of record," Washington Post Co. Chairman Donald Graham said in a statement, Newsweek reported. "But it's not because of editorial policy or because we employ Jonathan Alter or anything..." "Despite heroic efforts on the part of Newsweek's management and staff, we expect it to still lose money in 2010," he said. "We are exploring all options to fix that problem." "Except for changing editorial policy, firing staff that large numbers of Americans find offensive, changing layout, changing marketing methods..." Similar to other US magazines, the New York-based weekly has come across with a sustainable decline in print advertisements. What the hell is a "sustainable decline"? Who the hell writs this stuff? Jonathan Alter? Howard Fineman? Eleanor Clift? It is also estimated that Newsweek has also lost much of its readership as online news has become more popular. Newsweak is just as available online as anything else. Could it be content?... No. That can't be it. The Newsweek together with Slate and other titles belonged to the Post Co. reported an operating loss of USD 29.3 million last year. Hmmm... What can they have in common? Newsweek was launched in 1933 and the Post Co. bought it in 1961. There's currently $233 in Rantburg's Pay Pal account. Kick in to help me buy Newsweak and fire Howard Fineman! Posted by: Fred 2010-05-06 |
| http://www.rantburg.com/poparticle.php?ID=296134 |