The New York Times reports that Randall Jones is expected to buy out his venture-capital partners of Worth Media, parent of Worth, the magazine he started in 1992. Good luck, Randy.
The venture capital firm’s desire to sell the magazine is understandable. According to industry executives, Worth has lost more than $60 million over the last decade. Though Mr. Jones denied that he had tried to find a buyer for the magazine, a competing publisher said that he was contacted and that his company was among a number who declined.