By ANDREW VANACORE
AP Business Writer
NEW YORK – The Washington Post Co. is putting Newsweek up for sale in hopes that another owner can figure out how to stem losses at the 77-year-old weekly magazine.
Meanwhile, the New York Observer is reporting that Chattanooga-native and McCallie School graduate Jon Meacham, Newsweek’s editor, is trying to “round up some bidders to buy the magazine himself.”
“I believe this is an important American institution,” Meacham said in an interview with the Observer. “I just do. Maybe that’s quixotic, maybe that’s outdated, but it’s what I believe.”