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.