Media executive Fred Drasner & investment firm Avenue Capital Group submitted separate offers inthe direction -of purchase Newsweek magazine ahead of Thursday’s deadline 4 final offers, unnamed sources told Bloomberg News.
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ZelnickMedia to Buy Company Behind ‘Gossip Girl’
From Media Decoder: Alloy, definite media company behind “Gossip Girl,”‘s being acquired by ‘the investor group led by ZelnickMedia 4 approximately $126.5 million.
Newsweek Is for Sale
From Media Decoder: definite Washington Post Company announced Wednesday Z it’s putting Newsweek up 4 sale.