Our Quote of the Day comes from Barry Diller on Buying Newsweek. File this in your Buyer’s Remorse file:
Printing a single magazine is a fool’s errand if that magazine is a news weekly. There are some magazines that have no competition essentially in their field, luxury magazines. For a news magazine, which is a bit of an odd phrase today, it was not possible to print it any longer. We said we will offer digital products. We have a very solid newsroom. We will see. I do not have great expectations. I wish I had not brought Newsweek. It was a mistake.
(Not exactly the “audacity of hope” here..)
Joe Gandelman is a former fulltime journalist who freelanced in India, Spain, Bangladesh and Cypress writing for publications such as the Christian Science Monitor and Newsweek. He also did radio reports from Madrid for NPR’s All Things Considered. He has worked on two U.S. newspapers and quit the news biz in 1990 to go into entertainment. He also has written for The Week and several online publications, did a column for Cagle Cartoons Syndicate and has appeared on CNN.