Sold! Today the Washington Post Co. announces that it is buying Slate from Microsoft Corporation, our home since we began publishing in 1996. When the transaction closes in mid-January, we will leave the splendiferous House of Gates for the munificent House of Graham. [...]
Slate is not going to be merged, submerged, bent, folded, spindled, or mutilated.
Washington Post Company Buys Slate Magazine: The sale completes Slate's transformation from an experiment in the new media in 1996 to a respected brand name in journalism.
Washington Post agrees Slate deal: The deal came less than a month after Dow Jones & Co, the publisher of The Wall Street Journal, acquired MarketWatch, an online financial news provider, for $520m. Both deals underline the recent growth in online advertising sales, which have finally materialised after years of unfulfilled promise, and have come at a time when traditional newspaper advertising revenues have been sluggish.
