The Wall Street Journal reported this morning on Washington Post Co. chairman Donald Graham’s recent hands-on approach to Kaplan, his money-making college test prep business (they issue degrees now, too). There was one line — sort of a timely reminder — halfway into the piece:
In the two most-recent fiscal years, Post Co.’s newspaper Read More
Jon Meacham resigned as the editor of Newsweek today, as Sidney Harman’s deal to buy the magazine from The Washington Post Company closed, according to announcement on the magazine’s website.
Mr. Meacham oversaw a big experiment in the Newsweek redesign last year, and, simply, it did not succeed. When Newsweek went on the Read More
Buying Newsweek just got a bit more complicated. Washington Post chairman Donald Graham nixed bids from two parties interested in Newsweek—conservative publisher Newsmax Media and hedge-funder libertarian Thane Ritchie—because they are not proper “stewards for the magazine,” according to The New York Times.
Last week bids from a partnership of two Chinese media Read More
David Carr is not high on Newsweek‘s prospects for finding many potential suitors.
He reports that Thomson Reutuers, which took an early look at buying the magazine, is no longer interested. He said that parlor game favorites like The Huffington Post and The Daily Beast are also not interested.
He did find one potential Read More
We wondered why The Washington Post Company had decided to move Newsweek out of the Tribeca office that the title moved into only a year ago and here’s why: The magazine is up for sale.
Newsweek has been part of the Washington Post Company since 1961. Allen and Company will help Donald Graham make the sale. Read More
