Men's magazine
Maxim, which has been on the sales block since March, is entertaining bids of "about $20 million, less than a 10th of the price its owners paid six years ago, according to
people familiar with the situation," writes Edmund Lee. The rest of this post explores why the pub is facing declining fortunes. "The U.S. magazine industry has increasingly struggled to find buyers
for once-vaunted publications," concludes Lee.
Read the whole story at Bloomberg »