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August 31, 2007
The staff of Business 2.0 is facing the prospect of an endless weekend out in San Francisco. A final decision on the magazine's fate is expected today before Time Inc. CEO Ann Moore and her deputies hit the Hamptons, and even the best possible outcome (that the magazine is sold, rather than folded) would involve mass layoffs. Valleywag's Owen Thomas (himself a former Business 2.0 editor) reports that the likeliest bidders for the magazine's assets are CNET and Mansueto Ventures (publisher of Fast Company and Inc.), both of which would be more interested in the intangible assets (the brand,...
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