Better Ways to Spend Money Than Buying Newsweek
Newsweek is for sale again. According to Variety, the folded magazine — which still has some print editions overseas — has been put on the block by IAC. This is hardly surprising, given that Barry Diller recently said buying Newsweek was “a mistake,” and added that he doesn’t have much faith in the digital version.
Last time Newsweek was sold, it was purchased for $1 and the assumption of a heaping amount of debt. If someone wants to buy it again, it’ll be the same story.
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