TUESDAY, SEPTEMBER 5, 2006
Radar Online
American City Business Journals, part of the Newhouse's Advance Publications, bought the title from Microsoft co-founder
Paul Allen for an undisclosed amount of money.
Jeff Bercovici reports news of the sale came down in the form of a not-terribly-reassuring internal memo, which raised the issue of layoffs without really addressing it. The memo says: "There are no plans to make immediate changes to our overall workforce; all aspects of our business will be evaluated in the ordinary course to determine how Sporting News can begin to grow again."
Posted at 9:50:21 AM
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