Updated: Washington Post Hires Allen & Co To Explore Newsweek Sale

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The Washington Post Co. (NYSE: WPO) has come to the end of the road with struggling Newsweek. The company just announced that it has hired Allen & Co. to explore the possible sale of the newsweekly. Chairman and CEO Don Graham:

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Ignorant Banker

Quick question: I dont know anything about Investment Banking but am curious. What does someone like Allen & Co. charge Newsweek to sell it? What do the numbers on that kind of service look like?

Just curious…

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