TV Guide Owner Eyes Newsweek

We almost made it a whole week without getting deep into the Washington Post Co.’s efforts to sell Newsweek. Things got so bad for a while we even had to talk about nontransactional news instead, like the magazine’s Web redesign and — horrors! — its reporting on the Gulf oil spill. So it comes as something of a relief today to discover that, per the New York Post, TV Guide owner Open Gate Capital has its eye on the troubled newsweekly.

Still, the private equity firm isn’t betting on a short-term turnaround.

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