For Sale: Ailing Newsweek Washington Post Co. cites mounting losses By Kevin Spak, Newser Staff Posted May 5, 2010 10:44 AM CDT 14 comments Comments The cover of a 2009 Newsweek cover. (PRNewsFoto/NEWSWEEK) (Newser) – The Washington Post Company is looking for someone to take Newsweek off its hands, the company announced in a press release today (to the apparent surprise of Newsweek's Tumblr). “The losses at Newsweek in 2007-2009 are a matter of record,” said Donald Graham, chairman of the Post Company. “We expect it to still lose money in 2010. .. Newsweek is a lively, important magazine and website, and in the current climate, it might be a better fit elsewhere.” With a sales pitch that upbeat, it'll sell in no time.