According to MediaWeek

According to MediaWeek:

Five Bidders are of ffering $40-$50 Million for Fast Co. and Inc. Among the five prospective buyers offering between $40 million to $50 million for G+J USA Publishing’s Fast Company and Inc. is a G+J management group comprised of CEO Russell Denson, Inc. vp, publisher Lee Jones and editor John Koten, as well as Ed Sussman, managing director of the two titles’ Web sites. The group is being represented by Abry Partners, a Boston-based media-focused private equity firm, according to sources familiar with the situation.”

The is in the ballpark of what I predicted in some comments I made on the weblog, BusinessPundit a while back.

  • laurencehaughton

    I remember your comments Rex as well as other insights. So I have a question:
    When some group bids $40 – 50 million dollars is it the same as when I go to the store and buy something? In other words, is all that money guaranteed or are there string attached and the real price might end up to be much lower?