Bid to Take Over New Yorker Told
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WASHINGTON — Conde Nast, the publisher of Vogue and Glamour magazines is attempting a takeover of the New Yorker, offering $180 a share, the Securities and Exchange Commission said today.
Board members at the New Yorker immediately went into a meeting after learning that Advance Publications Inc., owner of Conde Nast, had announced the takeover bid.
The New Yorker has been a coveted showcase for some of the nation’s top writers for decades and is one of the most successful national general-interest magazines.
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