What? The MTA Surplus Material Sale is ending already? A sale this good should last three months at least.
Yes, it’s that time of year when the Metropolitan Transit Authority sells off its old office junk, things found on subways and, for some reason, a bunch of mid-2000 sedans. And this incredible Read More
Two punks pushing middle age, a man and a woman dressed in black, sat together on a bench in the lobby of the Chelsea Hotel on the afternoon of Friday, Oct. 29. The room was decorated for Halloween.
Near the couple’s feet, three plastic tombstones and some fake bones were arranged beneath a black-and-white photograph Read More
Sidney Harman spoke to the Newsweek staff in an auditorium at the magazine’s Hudson Street offices yesterday after his purchase of the magazine was complete. He said that he had no interest in cutting the magazine down to size.
“The people are our primary asset,” he said. “How in the world can you pass Read More
Sidney Harman’s “primary responsibility,” he told The Washington Post, is to make arrangements for Newsweek to fall into his children’s hands or the hands of an Read More
Sidney Harman is the “GALLOPING FAVORITE” to buy Newsweek, wrote Mike Allen this morning (he changed his copy online to say “GALLOPING FRONTRUNNER.” Are we less excited or more excited now?). A deal is “IMMINENT,” he says. Times media reporter Jeremy Peters agrees: An “announcement of Harman’s all-but-certain purchase of Newsweek Read More
This evening the Newsweek staff will be having a little party. There will be drinking! Who deserves it more than they? And how better to get a lil’ loose — to tie one on, if you will — then by drinking some cleverly named cocktails, like the “Oh F–k We’re Really Up Read More
The Washington Post Co. has batted down Avenue Capital Group’s bid on Newsweek over concerns about some of the company’s other investments, according to the Wall Street Journal and Memo Pad. Even though the private equity shop’s bid was said to be one of the largest, The Post got itchy over Read More
Mike Allen proclaims 91-year-old Sidney Harman and Marc Lasry, the billionaire hedge funder who is chummy with the Clintons, the two most elegible Newsweek buyers, after the final round of bidding closed Thursday evening. Both men have the money and, Mr. Allen writes, are intent on “preserving some semblance of 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 Read More
Bids for Newsweek are due to Allen & Co. on Thursday at 5 p.m, according to Keith Kelly. At this point, the head count of interested parties is slightly messy, and probably irrelevant.
There may be as many as four or five, or even twelve parties getting ready to hand in Read More