Moguls, Media M&A
Catchers in the Rye, Media M&A
Jon Meacham said he had two voicemails from billionaires on Wednesday afternoon, following the announcement that his magazine was for sale.
Carlos Slim Helú, the richest man in the world, was not one of those billionaires, but he did pay a visit to Newsweek‘s Hudson Street offices on Wednesday afternoon to get Read More
“The good news today is we did not close today, we went up for sale,” Jon Meacham told Jon Stewart on The Daily Show last night.
There was a dark edge to Mr. Meacham’s humor, but he seemed realistic about the challenges facing his magazine.
“We’ve made it as hard as possible,” Mr. Meacham Read More
Among the many voices chiming in about the imminent sale of Newsweek this afternoon was Business Insider Editor and CEO Henry Blodget, who offered to buy the magazine for $1.
Yes, that probably sounds startling. But if Newsweek’s finances look anything like BusinessWeek’s, our FINAL bid Read More
Newsweek is up for sale, and editor Jon Meacham is going to explore the possibility of rounding up some bidders to buy the magazine himself.
“I believe this is an important American institution,” he said in an interview. “I just do. Maybe that’s quixotic, maybe that’s outdated, but it’s what I believe.”
He said he Read More