Here’s the thing....it hasn’t achieved a profit in years. It’s hard to envision how this new team will twist the Newsweek team into some kind of profit. If it’s unable to level off and at least show marginal gains....then it’ll be sold again within three years....probably for half what they paid for it.
I agree, and all of that works for me. That’s the thing about liberals - profit is NOT what’s most important.
Another way of looking at it is that Newsweak, as a medium of disinformation and propaganda, almost breaks even. A blog may be cheap, but is also doesn’t have a load of corporate advertisers that want to reach an audience of semi-literate fascist housewives and aging boomers paying for all that propaganda.
Harman’s got her own outlet now, and it almost pays for itself. Campaign propaganda is all outlay, and no income. Magazines, for now, at least have advertisers.
Say she actually tacks to the right a bit. Asks Limbaugh to write a column, then what? Can she break even? Who knows? I actually think there’s room in the market for a TRULY centrist magazine. Both right and left - all in the same magazine. Not like some pinko who gets paid to be the conservative correspondant for the Washington Compost.
You're missing the point. The point of publications like Newsweek or the WashPost is not to generate a profit, it's to be a promoter of the Democrat agenda. As long as it's effective at that task, there will be a new buyer for it.
Think of the three years or so that this guy will be paying the deficit as an unreported contribution to the Democrat party. He will be reimbursed by his investments being looked after, by the lawmakers who ensure what companies do well, and what companies don't.