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

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:

One Response to “Updated: Washington Post Hires Allen & Co To Explore Newsweek Sale”

  1. 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…