Newsweek" one U.S. dollar Bargain "age" or followed suit

Newsweek" one U.S. dollar Bargain "age" or followed suit

According to "First Financial Daily" reported on August 4, veteran U.S. magazine "Newsweek" (Newsweek) changed hands.
After several months of noise, local time on Aug. 2, "Newsweek" Web site, "Washington Post" ecco shoes sale the company decided to sell to the 91-year-old audio equipment manufacturer Harman International Industries Group (Harman International Industries Inc. ) founder 西德尼哈曼. Since 2006 has served as editor of the magazine's Qiaoen Mi Cham (Jon Meacham) will resign.
According to "Newsweek" web site announcement, sources familiar with the transaction said that as of 2, ecco shoes on salethe transaction was not completed in the 2nd morning there are still some "stubborn" and continue to shill bidders. However, according to other U.S. media reports, the "Newsweek" sold for "Tiaolou Jia" one U.S. dollar.
1 U.S. dollar selling
Harman declined to say how to finance the current operations of the magazine, but he says it to ecco shoes"Newsweek" to reverse the tide of some business "breathing space." "My goal is to make use of its own energy magazine in a reasonable period of time losses - of dollars in years (the period of time), not weeks." He said, the current editor in chief of the candidates have not yet decided. Research Horizon Media senior vice president of 布拉德阿迪 Gate (Brad Adgate) that Harman's strategy "is worth a try."
"Washington Post" company did not disclose the acquisition terms and the amount of the transaction, but the company said it would continue to pay pension insurance magazine staff and the specific number of staff debt. The magazine Harman agreed to bear part of the debt at the same time, only willing to pay a small amount of cash. In addition, Harman promised to keep most of the staff of the magazine, about 350 people. According to some U.S. media reports, the "Newsweek" sold for "Tiaolou Jia" one U.S. dollar.
"In looking for a buyer, we hope to find that as much as we report high-quality people." "Washington Post" company 首席执行官 (CEO) 唐纳德格雷 Graham said, "We found Harman is the man. "
"Newsweek" was founded in 1933, is the flagship of the U.S. media industry is one of the magazine, in 1961 attributable to the "Washington Post" the company's. 20 years ago, "Newsweek," a circulation of more than 3 million, and last year its circulation had fallen to 1.9 million. The decline in circulation and advertising to make the old magazine in 2009, a loss of nearly 30 million U.S. dollars, a loss the first quarter of this year 11 million U.S. dollars, a loss is expected to continue this year. Ecco shoes uk   Beginning in May of this year, "Washington Post" company in Allen & Co. Acquired with the help of the magazine to find potential bidders.
Next is the "Time"?
"Newsweek" one of the largest competitors, "Time" magazine seems to have seen from their future destiny. "Time" magazine's circulation has dropped sharply,ecco uk from 4.2 million 20 years ago, fell to 3.3 million today.
By the end of September last year, Time Warner (Time Warner) the largest shareholder of The Capital Group managing director of high 登克莱福德 says that the future sale of Time Warner Inc. (Time Inc.), Of course, including Time Inc. magazine's "Time" magazine.coach handbags sale Months, investors and analysts are closely watching the company's overall sales on the possibility of the times the news.
Pew Research Center released a media industry report showed the U.S. media is facing a serious paper, the survival challenge. coach handbags saleLast year, the United States, including the online version, including the total U.S. newspaper advertising revenue fell 26%.
In fact, "Washington Post" company, to sell "Newsweek" is Graham has been pursuing for many years as part of the reform process, "Washington Post" has not a pure media group, which re-defined as the mass media and education from company.
Despite its traditional newspaper business is still depressed, but because of greater efforts to develop other business, the first quarter of this year, "Washington Post" designer handabgs salecompany revenues increased 11% to 1.17 billion U.S. dollars, 45.4 million U.S. dollars to achieve profits, more substantial growth over the same period last year, to achieve turn losses into profits. Including brands, including its Kaplan education business, revenue rose 20%, reaching 593.5 million U.S. dollars, in addition, cable television business also increased by 3%.