Skip to comments.Newsmax Media bidding to buy Newsweek
Posted on 06/03/2010 10:54:31 AM PDT by Nachum
t's been almost a month since the Washington Post Co. put Newsweek on the market, and by 5 p.m. today the initial bids are due. Despite skepticism over whether there will be bidders, Yahoo! News can confirm there's at least one: Newsmax Media.
"Newsmax Media Inc. has made a bid for Newsweek," said a company statement provided to Yahoo! News.
The company also stated that its "bid for Newsweek's print and online assets is congruent with its objective to diversify and expand into numerous distinct media brand offerings, like any major multi-title publisher."
(Excerpt) Read more at news.yahoo.com ...
They’d rather go TU than become a conservative mag.
More than interesting. Telling the Obama bootlickers to knock off the drool propaganda pieces is just priceless..
Cue the Nelson Ha!Ha!
I'm surprised Newsmax has that kind of coin, though to be honest I have no idea what the market value is of NewsWEAK. It could be peanuts, literally.
Even if Newsmax was successful, the other media organization would immediately cease to recognize whatever journalistic cache NewsWEAK had built up for itself. Currently, NewsWEAK articles are quoted frequently on ABCCBSNBCetc. That would stop. It would be ignored just like American Spectator, National Review and a host of other fine conservative publications are completely ignored by the broadcast and (most) cable outlets.
I would love it and would subscribe. I would love to be there when they fire all the lib scum like Evan whats his name and all the other lib scum.
Why? If all they want to do is throw their money away then they can throw it at me.
But their circulation numbers would likely go up.
A bit of English humor there, huh?
It sure would be nice to see a headline such as “0bama Failures Stack Up — Will He Resign?” on the cover of Newsweek with yet another picture of 0bama, but this time looking really bad.
That is funny ROFL
NR would have a competitor
I know we'd like to think so, but probably not. As an example, the preeminent conservative periodical, National Review, only has a circulation of something less than 250K. by comparison, NewsWEAK - even after the downsizing - enjoys a circulation of something north of 2 million, maybe a little more.
For whatever reason, conservative publication just don't enjoy wide or popular support especially compared to the liberal counterparts like Vanity Fair, The New Yorker and others. Liberal buy magazines, conservatives don't.
OH BOY, wonderful
Taking over Newsweak might be more a process of taking over their debts instead of actually buying anything.
Branding, its all about branding
A lot lefty propaganda writers gonna get da pink slip...boohoo.
>> I’m surprised Newsmax has that kind of coin, though to be honest I have no idea what the market value is of NewsWEAK. It could be peanuts, literally.
Just because Newsmax submitted a bid, doesn’t mean they submitted the *winning* bid.
It could have been a ridiculously low bid, and the whole exercise might be a PR play.
Still... won’t it be fun if they DO buy Newsweak?
LOL. Sarah Palin can become a contributing editor.
I kinda hope Faarah and WND buys them out. That would be funny.
I’ll buy a subscription to the Conservative Newsweek.
And FoxNews would seem fair and balanced by comparison.
That would be cool. I’d subscribe :)
Hey I buy magazines -
PLAYBOY, SPORTS ILLUSTRATED, TV GUIDE....
Joe Klein could be promoted to Copy Boy.
maybe Joe Farah will put in a bid and then they’ll all start jumping out of windows...
“Newsweek, whose circulation was as high as 3.1 million in recent years, plans to cut that to 1.5 million by the beginning of 2010, in part by discouraging renewals.”
That’s how it’s done! Why didn’t I think of doing that?
I wouldn't take that dinosaur if they offered it for free.
I don’t think that’s quite true.
Libraries buy newsweek/time because it’s considered to be a Liberal magazine.
If Newsweek gets sold not only will it disappear from the library, but so will the archives.