Washington Post buys Slate
p2pnet.net News:- – The Washington Post company is buying Microsoft’s Slate e-zine, "to boost the newspaper company’s online traffic".
The Post became the eight-year-old Slate’s new owner, "for an undisclosed sum, said to be in the millions of dollars," it says.
But it apparently doesn’t plan any editorial changes and Jacob Weisberg will stay on as editor, as will "most" of the 30 people who work on it.
Cliff Sloan, general counsel of Washington Post Newsweek Interactive, will become publisher when the deal takes effect next month, says the story, adding:
"As if to underscore Slate’s independence, the magazine is running a piece today by media columnist Jack Shafer that criticizes as muddled a front-page Washington Post report on the murders of new and expectant mothers."
===================
See:-
new owner – Washington Post Co. Buying Web Magazine Slate, December 21, 2004
December 22nd, 2004 at 3:08 am
While Slate was somewhat of a pioneer in e-zines (free content, revenue thru ads etc), it has never turned a profit. We’ll see how the Post deals with it.
TT