Saturday, May 22, 2010

A reader's guide to buying Newsweek (The Newsroom)

<p><a href="http://us.rd.yahoo.com/dailynews/rss/yahoonewsroom/*http://news.yahoo.com/s/ynews/20100521/bs_ynews/ynews_bs2185"><img src="http://d.yimg.com/a/p/afp/20100505/capt.photo_1273079570140-1-0.jpg?x=130&y=93&q=85&sig=hh3z3Eys4bIGbzr0afZuog--" align="left" height="93" width="130" alt="A copy of Newsweek magazine and a copy of the Washington Advertise. The Washington Advertise announced Wednesday it was putting Newsweek magazine up for sale, relinquishing the publication after more than 40 years in the latest sign of the news industry's distress.(AFP/Getty Images/Mark Wilson)" border="0" /></a>The Newsroom - The Pitch
While it may be dense to get past continued drops in print/digital advertising and circulation, Allen & Corporation, the investment bank handling the deal, also accentuates the positives — a diversified advertiser base, fresh mobile products, and the upcoming relaunch of Newsweek.com. However can any of that aid the magazine inch closer to the black? From the sale textbook: "Management believes that Newsweek can regain profitability through additional cost savings and revenue enhancements. Potential buyers may realize additional cost savings depending on the nature of their operations."</p><br clear="all"/> More information: click here

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