Let's call this one 'no one loves me, either'...
[Politico, via Drudge] - The Hill’s owner seeks potential buyers, investors
Under fire for its role in promoting alleged Ukraine conspiracy theories, the D.C.-based publication faces new questions about its future.
Fake news doesn't seem to affect the NYT much, does it?
Jimmy Finkelstein, owner of The Hill, is shopping his publication, whose op-eds alleging various conspiracy theories about Ukraine have been at the center of Donald Trump’s impeachment scandal, to various media owners, either as investors or potential buyers, according to six people familiar with the matter.
The asking price for The Hill, which was co-founded by Finkelstein’s father over 25 years ago, is $100 million, according to two of the people. Finkelstein told another person that he ideally wants much more ‐ up to $300 million.
"If somebody wants to pay it, he’ll sell it, but it’s not going to sell for nickels and dimes," said the person, who discussed the $300 million figure with Finkelstein within the past year. "If it’s a big number, I’m sure he’ll be interested."
It's a pretty big spread between $100 and $300 million, isn't it?
And now for the fun part:
Finkelstein, in an interview, called the premise of the story "not true" but would not elaborate. He acknowledged having hired the boutique investment firm Methuselah Advisors, which specializes in large media transactions and has made inquiries to several large media companies. He said he has had Methuselah "on retainer for quite some time to evaluate media opportunities and evaluate incoming offers that we get regularly."
Either Finkelstein or his representatives approached James Murdoch about The Hill, according to a person familiar with the matter, who declined to comment on whether Murdoch was interested in buying the publication.
What that tells me is this - The Hill's been on sale 'for quite some time' and they still haven't found any buyers even at the low range of $100 million, and not even the Murdoch family's got any interest in it. Farewell to thee, Spanish lady...
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