Washington Post (WPO) balks at selling Newsweek magazine to Avenue Capital over concerns that...

|By:, SA News Editor

Washington Post (WPO) balks at selling Newsweek magazine to Avenue Capital over concerns that the hedge fund plans to partner with the publisher of the National Enquirer. But the Post may be overplaying its hand, Jon Friedman says: Newsweek's "heritage is highly distinguished. But its value is highly ordinary."