Microsoft, which announced this week that it would pay a one-time cash dividend worth $32 billion to its shareholders, said yesterday that it was exploring the sale of Slate, a pioneer in digital publishing.
According to company executives, Microsoft is considering a sale of Slate because the model of creating a Web magazine of cultural criticism and political analysis to attract visitors to its MSN Network has little business salience in an age dominated by search applications. And the site’s small size limits its ability to contribute meaningfully to Microsoft’s revenues. Read More. [requires registration]
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