...tens of millions of dollars in just the past two years.
It's now for sale. Would you buy it?
Newsweek is one of the powerhouses of magazine journalism, but it, like so many of its print brethren, it has seen far better times. Changing technology and declining readership -- to name just a couple of factors -- have made the weekly news magazine passe in today's information environment.
The potential sale has stunned its employees, and that's easy to understand.