The famous US news magazine Newsweek is up for sale, as it has been bleeding money for years. Losses last year alone were $29 million.
The public in China has been urging Chinese investors to seize this chance to buy an American institution.
True, Chinese investors have plenty of money, but are they capable of buying Newsweek? It's a question of whether it would be a sustainable operation, not raw economic strength.
Kenneth Fleming director of Center for Advanced Social Research is mentioned later in the article:
And economically, buying Newsweek wouldn't be a wise decision. Kenneth Fleming, director of the Center for Advanced Social Research at the Donald W. Reynolds Journalism Institute, University of Missouri, said that, for Chinese investors, Newsweek would be a bad buy due to the disintegration of the market and advertising for general news magazines over the last few years.
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