TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Budget Travel Looking For Investors

budget travel.jpgOver the weekend, rumors started swirling about the possible closure of Newsweek-owned Budget Travel. Thankfully, we learned yesterday that the magazine is safe. But we wondered, if the pub was not going out of business, what was the source of the nasty rumors?

Today, Advertising Age‘s Nat Ives reports that Newsweek “is seeking new equity investors for the title or even an outright sale”. Staffers on either side of the sale — within the magazine or Newsweek or at potential buyers — could have taken this to mean the pub is close to folding.

Could that be the source of the recent rumors? Know anything? Let us know.

Newsweek Seeks Investors for Arthur Frommer’s Budget TravelAdvertising Age

Earlier: Update:Budget Travel Not Closing

Mediabistro Course

Get a Literary Agent

Get a Literary AgentStarting August 6, learn how to find the right agent for your book and write a query that will get the deal done! Taught by Barbara Clark, a book agent and publishing consultant, you will learn the best methods for finding a literary agent, the proper protocol and etiquette for seeking literary representation, how to send queries and more. Register now!