Huber said Newsweek and U.S. News & World Report were each sold for $10 million or less, and he expects Meredith won't get much more for the titles it just put up for sale "unless some rich family wants to own them for vanity reasons." (Bloomberg, the parent of Bloomberg News, owns Businessweek and competes with Fortune in providing business news and information.)

Source: Los Angeles Times March 21, 2018 21:59 UTC