Time Out To Sell New York, Chicago Editions; Founder Not Happy

imageimageTime Out is hoping to sell its New York edition for $40 million (£26.8 million) after its investors pushed for a return on their 13-year investment — the magazine’s founder Tony Elliot wants to hold on the mag but can’t afford to buy them out. He tells Times Online that a TONY sale will take place for the right price, but “if somebody offers $10 million, it won’t happen

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