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April 15, 2005
Atlantic Monthly moving from Boston to DC
Katharine Seelye and David Carr report in today's NYT that publisher David Bradley is going back on his original promise to keep the Atlantic Monthly in Boston and is moving it to his publishing headquarters in DC. As previously announced, the magazine is also discontinuing their monthly fiction pieces to make more room for longer articles, particularly focusing on the government.
In an amazing bit of largesse, all of the Boston employees are being offered jobs in DC. If they choose not to move, they'll receive a full year's pay and benefits. Also, the book has been bleeding money - between $4 million and $8 million annually...I wish I had pockets as big as David Bradley.
Posted by cj at April 15, 2005 12:08 PM