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  1. #1
    gordo's Avatar
    gordo is offline Senior Member
    Join Date
    Aug 2007
    Location
    Victoria, BC, Canada
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    2,151

    Default Newsweek magazine sold - for $1

    There was bidding for this venerable 77 year old publication - but it ended at $1.

    '...Fred Drasner, the former CEO of Daily News and US News and World Report who also bid on Newsweek, summed up Harman's $1 acquisition this way: "I think he paid a very full price."'

    Details here: Newsweek Losses Revealed - The Daily Beast

    best, Gordon p


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