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.
Quote:
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.