More on Goldman-Sachs’ timely quest for magazines

The New York Observer follows-up (temporary link) the revelation by Advertising Age that Goldman-Sachs is putting together a few billion to acquire magazines. Some familiar suspects in the small world of magazine investment banking are quoted, including Jeffrey Dearth who echoes my first take on the timing of this.


“Why get in now?…Prices have fallen to the lowest they’ve been in awhile. If they can wrest something away, it’s a great opportunity.”