Yes, that probably sounds startling. But if Newsweek’s finances look anything like BusinessWeek’s, our FINAL bid may actually have to be a lot lower than that.
Remember, the second-best bid for BusinessWeek, made by a company that doesn’t have billions of dollars of cash flow with which to absorb losses, was said to be -$25 million (negative $25 million). Which is a lot less than $1.
More from Culture
‘The Young Pope’ Season Premiere Recap: Cherry Coke Zero to Cherry Coke Hero