Top Story

e4m_logo.png

Home >> International >> Article

International: Washington Post buys Slate.Com from Microsoft

25-December-2004
Font Size   16
Share
International: Washington Post buys Slate.Com from Microsoft

The Washington Post Co has announced it is acquiring online magazine Slate from Microsoft Corp.

The Post company said Jacob Weisberg will stay as Slate's editor and that the business operations of Slate will be run by Washingtonpost.Newsweek Interactive, a Washington Post Co. subsidiary.

Long-rumored sale

Slate's sale had been rumored since the summer. The onlime magazine, with its content mix of culture and politics, was founded in 1996 by journalist and commentator Michael Kinsley (Mr. Weisberg replaced Mr. Kinsley as editor in April 2002) and has, for the most part, been unprofitable. But Slate had the good fortune to hang on thanks to its deep-pocketed owner, Bill Gates.

No price for the acquisition was announced and a company official said it won't be disclosed, but a story on the washingtonpost.com said the buying price was in the millions of dollars.

The deal will close in January.

In a separate agreement between Microsoft and WPNI, Slate will continue to be available to users on MSN through links on the MSN portal.

Source – AdAge.com

Tags

Aparna Bhosle, Business Cluster Head - Premium & FTA GEC channels - ‎ZEEL, on its new property, sponsors, investment on acquisition and response to BBC First

In an interview with exchange4media, Ferzad Palia says that most successful brands are not those who spend the most money

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Southeast Asian market

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Sou...

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

Aroon Purie, the India Today Group Chairman and Editor-in-Chief today appointed his daughter Kallie Purie as the Vice Chairperson of the group