Newsweek Sold to International Business Times
Posted: 8/5/2013 | By: Elizabeth Weise and Roger Yu | USA Today
Newsweek, the iconic newsmagazine brand, has been acquired by IBT Media, which publishes the news website International Business Times.
Newsweek has long been financially troubled and the venerable magazine published its last print edition in December. It was sold to IAC/InterActive in 2010, which had added it to the Daily Beast news website.