IBT Media Not Likely to Sell Newsweek

Right now, at least.

After IBT Media cut 30 at International Business Times and six at Newsweek—then spun Newsweek off into its own operation—rumors began to fly that IBT was looking to unload the news magazine.

According to Politico, that’s not in the cards. Sources inside IBT claimed that the company has no intention of discarding Newsweek—which IBT bought just three years ago—and in fact, it is  “doubling down” on the title.

If this is true, great. But as anyone in the media industry knows all too well—everything is fine until it isn’t.