Budget Travel Sold

One month after denying death rumors, Newsweek-owned Budget Travel has been sold to Fletcher Asset Management for an undisclosed amount.

In a release about the deal, Fletcher said it plans to “support the current management team, which will be responsible for the day-to-day operation of Budget Travel magazine and budgettravel.com” and will “keep essentially all” of the mag’s current staff.

Last month, after rumors of Budget Travel‘s demise were squashed, word leaked out that Newsweek was seeking

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Spring Special

Save 30% Off an ADWEEK Subscription Today!

View Your Options

Already a member? Sign in