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Washington Post Company Buys Slate Magazine

The Washington Post Company said yesterday that it had purchased Slate, an online magazine owned by Microsoft. The sale completes Slate's transformation from an experiment in the new media in 1996 to a respected brand name in journalism. Terms of the sale were not announced, but industry specialists estimated that the deal was worth between $15 million and $20 million.

Read the whole story at The New York Times, December 22, 2004 »

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