Two Bidders Out As Today's Newsweek Deadline Looms
As today’s 5 p.m. deadline for the final Newsweek bids approaches, The New York Times notes this morning that, according to sources who elected to remain anonymous, two of the rumored bidders are out of the running.
The sources claims that, like a single New Yorker whose mother believes is much too picky and will eventually die alone Newsweek parent the Washington Post Co. has rejected a bid from the owners of conservative magazine Newsmax and from hedge fund manager Thane Ritchie.
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