Harbinger Interested In ‘Newsweek’?

Jun 21 2010 | 12:50pm ET

Add another alternative investments player to the bidding war over red-ink soaked magazine Newsweek. Harbinger Capital Partners may be one of the dozen parties battling over the august weekly, which is being sold after a half-century by the Washington Post Co.

Harbinger—which two years ago won a seat on The New York Times Co.’s board of directors but has been paring its once 20% stake in the publisher ever since—is interested in Newsweek, Business Insider reports. The New York-based hedge fund declined to comment on the “market speculation,” the blog noted.

If Harbinger is in on the bidding, its battling two other potential buyers with ties to the alternative investments world. Hedge fund manager A.R. Thane Ritchie wants to buy the magazine, although on his own and not on behalf of his Ritchie Capital Management. Private equity firm OpenGate Capital, which owns TV Guide, is also bidding on Newsweek.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...