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

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Is Steven Cohen Going to Buy the Brooklyn Nets?

Jan 19 2015 | 6:49am ET

Rumors that Steve Cohen was interested in the Brooklyn Nets emerged after Scott...

Guest Contributor

Investors Benefit From Evolution Of Fund Of Hedge Funds Model

Jan 22 2015 | 12:27pm ET

The evolution of the fund of hedge funds model over the last few years represents...

 

Editor's Note