The Deal Launches Weekly Magazine

Posted on November 20, 2002

The Deal LLC, a provider of business news and analysis, has announced the launch of a weekly magazine called The Deal, which will provide news, columns, profiles, features and statistics. The Deal, with a glossy cover and oversized magazine format, will debut on November 4, 2002.

The inaugural issue's cover story, "Red light special," provides insight into the state of the largest retail bankruptcy in history. Reporter Soma Biswas reveals details of billion-dollar losses and a slow recovery period that could spell peril for the retailer. While The Deal carries similar coverage to its sister publications, The Daily Deal and TheDeal.com, it offers deeper analysis, such as the Kmart story, and several new columns, including "Safe harbor," "Tech confidential" and "The venture well." The magazine groups the new commentaries along with features, profiles and statistics focusing on the key deal sectors under three marquees: The Corporation, Advisers and Investing. International coverage is part of all three sections.

"The packaging may differ, but the basic idea remains the same: that there is a commonality of interest and expertise among deal markets, that M&A and lawyers need to know buyouts, that the buyout crowd has an interest in VC and bankruptcy, that corporates require insights into all the possibilities," said Robert Teitelman, editor in chief of The Deal.

Other articles found in the magazine include a private capital feature on Silver Lake's leveraged buyout of hard-disc-drive maker Seagate and a close-up on the regulatory ins-and-outs of Carnival's successful antitrust suit in acquiring P&O Princess Cruises. In "When Technology and coverage do mix," senior writer David Carey describes how Silver Lake Partners is likely to see significant returns from the largest tech LBO done to date ($2.05 billion) despite the drop in personal computer sales and falling valuations. Jaret Seiberg, assistant managing editor and Washington bureau chief, provides an inside look at the 11-month battle between Carnival and Royal Caribbean Cruises in the race to acquire P&O Princess Cruises.

The introduction of the weekly magazine will coincide with the relaunch of a news-only version of The Daily Deal. The tabloid daily newspaper will focus on publishing time-sensitive news on a daily basis. The Daily Deal will continue to be available in a daily print edition as well as in its electronic editions, TheDeal.com and The Daily Deal Digital.