Blog Post

WaPo IS Buying Slate

The reports about Washington Post Co. buying Microsoft’s online magazine Slate are correct, reports Seattle Times.

Despite its high profile, Slate’s sale is unlikely to have a significant effect on Microsoft’s stock, says the story.

A friend of mine likes the rationale and e-mailed me this: “Newsweek is already part of MSNBC, Slate stays plugged into MSN (right?) and WP has been pushing a new online strategy for about a year, including a continuous news desk. It’s not a killer acquisition, but at least it fits. “