Newsweek Sold...

Gipper

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...for $1. That is all a liberal rag is worth. Hahahahaha

But make no mistake, Harman's pocket change purchase of Newsweek—he paid $1, plus the assumption of liabilities for the magazine—has to be a passion play, because it certainly isn't a financial one. The Daily Beast has obtained a copy of the 66-page sales memorandum that the Newsweek seller, the Washington Post Co., gave to prospective buyers, and it paints a picture of a media property given to someone unequipped to fundamentally change the current trajectory.

As with many weeklies, Newsweek’s financial freefall is jarring. Revenue dropped 38 percent between 2007 and 2009, to $165 million. Newsweek's negligible operating loss (not including certain pension and early retirement changes) of $3 million in 2007 turned into a bloodbath: the business lost $32 million in 2008 and $39.5 million in 2009. Even after reducing headcount by 33 percent, and slashing the number of issues printed and distributed to readers each week, from 2.6 million to 1.5 million, the 2010 operating loss is still forecast at $20 million.
http://www.thedailybeast.com/blogs-and-stories/2010-08-03/newsweek-losses-revealed
 
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The Leftmedia's threat to liberty has been perilous in recent years, while we've been at war with a formidable adversary -- Jihadistan and its terrorists in Iraq, Afghanistan and other theaters around the world.

By way of confirmation that our foreign Jihadi enemy understand the power of the American Leftmedia as an instrument of propaganda, as do domestic Leftist politicos, consider this authenticated communiqué between Osama bin Laden's chief lieutenant, Sheikh Ayman al-Zawahiri, to Abu Musab al-Zarqawi at the height of Operation Iraqi Freedom: "I say to you: that we are in a battle, and that more than half of this battle is taking place in the battlefield of the media."

In the midst of that critical period for OIF, one of the most egregious Leftmedia print propagandists, Newsweek, under the leadership of its (now former) editor Jon Meacham, ran defeat and surrender cover stories with headlines like "We're losing...", in which Meacham claimed the expertise to chart a retreat from Iraq before total defeat.

The unmitigated arrogance of such positions notwithstanding, surely Meacham understood that such cover stories serve only to embolden our enemy, which results in the deaths of America's uniformed Patriots on the warfront. Some call giving "aid and comfort" to the enemy, "treason." At best, it brands Meacham with the same stripes as Hanoi Jane Fonda.

http://patriotpost.us/alexander/2010/08/05/the-fundamental-transformation-of-newsweek-and-america/

And what is so funny is the commies at Newsweek can't understand why their circulation is so poor when they are just telling the truth (lies in reality).
 
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