Washington Post (WPO) just announced the takeover of Foreign Policy Magazine. Sounds like a good idea that enhances the political clout of Washington Post. The class B shares which trade around $550 a share and are trading near their 52 week lows were up slightly in this mornings early trading.OK let me get this straight. A news organization that fights for disclosure, clarity, transparency, even the truth, announces a deal with financial implications and utters not one word about the financial ramifications. Lots of verbiage about the editorial side of Foreign Policy, which is all[...]
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[Source: The Money Blogs]
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