For Sale: Ailing Newsweek

The Washington Post Company is looking for someone to take Newsweek off its hands, the company announced in a press release today (to the apparent surprise of Newsweek's Tumblr). “The losses at Newsweek in 2007-2009 are a matter of record,” said Donald Graham, chairman of the Post Company. “We expect it to still lose money in 2010. .. Newsweek is a lively, important magazine and website, and in the current climate, it might be a better fit elsewhere.” With a sales pitch that upbeat, it'll sell in no time. (More Washington Post stories.)