TIME continues to be healthy and profitable, and a trusted source of news, reporting and analysis for millions of people in America and around the world in print, online and on the iPad. We had a highly profitable year last year and will have an even more profitable one this year.
Rivalries are rivalries, sure, but that’s not the most gracious thing to say after a competitor falls. As Howard Kurtz tweets, “OK, Time won. But no expression of concern for fellow journos?”
Just for some historical perspective/fun, here’s a 1961 Time article about a then-rumored sale of Newsweek. The article involves a dude named “Samuel Newhouse,” the Astor family and the word “dickering.”