"Deadline Looms" On Golf Digest Sale

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Keith Kelly files a New York Post update (of sorts) on the attempt by Conde Nast to sell three magazines, including Golf Digest. Though as he notes, the Newhouse family having sold its cable operations to Charter Communications for $10.5 billion a while back should buy more time if needed.

That deal is one reason that the Newhouse family, which controls Advance, is not under the same pressure as the profitable but eroding Time Inc. was in recent years before ultimately selling to Meredith.

But the family is clearly getting impatient with losses after domestic Condé Nast lost $120 million last year and is still bleeding red ink this year.