Time Out New York For Sale

“The New York edition of Time Out is on the auction block with a cover price of up to $40 million (£26.8 million) after backers of the weekly magazine pressed for a sale in an attempt to generate profit on their 13-year investment. It is more successful than the original London title, with more than double the weekly circulation, but Tony Elliott, Time Out‘s founder, cannot afford to buy out his investment partners in the business.”