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Washington Post Co. Looks To Shed Newsweek : NPR

May 5

The Washington Post Co. says it is putting Newsweek up for sale, another stunning moment for a struggling magazine industry.

The company says it has retained the investment bank Allen & Co. to help find a buyer for the money-losing weekly.

Newsweek, which recently underwent a top-to-bottom redesign, was founded in 1933, and the Post Co. has owned it since 1961.

via Washington Post Co. Looks To Shed Newsweek : NPR.

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