Thursday, May 6, 2010

Newsweek: Blood on the Streets

Not that this comes as any surprise to anyone, but the Guardian reporated this morning that The Washington Post has hired Alen & Co, a medium tier investment bank which in and of itself speaks volumes, to find a buyer. Newsweek is bleeding red after suffering a 29.3 million dollar operating loss last year. You can read more from the Guardian article here.

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