Newsweek Announces It’s Profitable

Posted Wednesday, October 8, 2014 1:00 pm

By: Joe Pompeo | Capital New York

IBT Media is celebrating the first anniversary of its Newsweek ownership with some good news.

The publisher, which closed on a sale of the title last October for an undisclosed sum, told staff this week that it plans to reveal Newsweek is now profitable, two sources with knowledge of the matter told Capital.

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Newsweek Announces It’s Profitable

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