Newsweek magazine sold - for $1

gordo

Well-known member
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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