Hey Anyone wanna buy a Magazine blog that’s bleeding readers?

What is Tina Brown’s great skill? I would argue that it is her ability to persuade rich people to lose money.

Robert Stacy McCain Jan 2nd 2013

Remember those days of Yesterday when Tina Brown was going to make Newsweek turn a profitGuess not :

Newsweek appears to be on the block — again.

According to sources who have been briefed, IAC is sending out inquiries to prospective buyers who may be interested in purchasing the 80-year-old title, which ended weekly publication of its domestic edition late last year in favor of an digital-only format. A revamped Newsweek.com launched earlier this month.

What? You mean to say that Newsweek is for sale again? But Tina Brown she was so SMART so POPULAR surely she was going to bring a flood of readers…

According to sources who have been briefed, Newsweek’s 1.5 million subscribers, in the quarter before it ended its print edition, fell to 470,000 in the first quarter of this year, with estimates that it will continue to decline throughout the year.

Or not.

But the investors on the left that bought the property when Newsmax was turned down have no regrets:

“I do not have great expectations,” he said. “I wish I had not bought Newsweek. It was a mistake.”

Ok maybe a FEW regrets.

So now the brand is for sale again, but with 1/3 of the subscription base who would want it?  If Newsweek was worth an order of Fries at Burger King before, it’s likely worth penny candy now.

Well at the risk of tilting at windmills might I make the same point about Newsweek that I made about the Boston Globe:

 

Imagine a culture section where events of a conservative nature were celebrated while liberals pressed to get the press.

Imagine reviews of plays with conservative themes getting web space and print space and liberal themes hoping for a line or two.

Imagine stories in the Sunday section celebrating historic places, people and sites that highlight America’s conservative History or people who are conservative doing great things for the community.

Imagine a whole slew of conservative Journalists cutting their teeth of straight news instead of news with a liberal spin, imagine the farm team it would create.

Imagine an editorial page giving conservative opinion day after day after day.

And imagine a web site ranked in the top 1500 worldwide and top 350 nationally, a web site that local papers around New England draw stories from giving that public conservative thought as background noise in the same way that liberals have done for ages.

For the left Newsweek is just another money hole, for the right it could be entrée into the background noise of culture that we need to fight in.

Let’s see if the left is still willing to pay a fortune to keep a brand name out conservative hands, or if not, lets see what happens to the culture if one of those top rated web sites adds some conservative background noise to the low information conversation.

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Olimometer 2.52

Well, yesterday was one of the better Tip Jar days of the last few weeks. We’re still as of this writing $208 shy of my weekly paycheck but were certainly not bleeding readers and Money the way Newsweek is.

If you are Foster Friess or the Koch brothers I’d suggest looking at the price of Newsweek, if you are not, then I’d humbly ask you consider hitting DaTipJar below so I can get the just over 10 $20 hits necessary to give me a full paycheck this week.

(FYI if the Kochs or any other Conservatives with millions to invest WANT to invest at the Tina Brown level over here rather than Newsweek or the LA Times I certainly won’t turn you down nor will I connive to grow rich on throwing your investment away)