The Washington Post Looking For Buyer Of Newsweek Magazine

Posted May 5, 2010

The Washington Post has announced that they are exploring the possibility of selling Newsweek Magazine. Newsweek has been losing money and The Washington Post chairman Donald Graham said that the magazine might be a better fit elsewhere. The Washington Post hired Allen & Company to help find a buyer. Newsweek launched in 1933 and was acquired by The Washington Post in 1961. [BBC]