Washington Post to buy Slate online magazine

WASHINGTON, Dec 21 (AFP) - The Washington Post Co. on Tuesday said it has agreed to buy online magazine Slate from Microsoft Corp.
Terms of the deal were not disclosed. Jacob Weisberg will remain editor of Slate, and Slate will continue to be available through links on the MSN portal, the Post said.
"Slate has been a pioneer in Internet publishing, and it is a fine magazine. Founder Michael Kinsley, editor Jacob Weisberg and Microsoft deserve great credit for creating Slate," said Post Co. chairman and chief executive Donald Graham. "We couldn't be more enthusiastic about this acquisition."
The business operations of Slate will be run by Washingtonpost.Newsweek Interactive (WPNI), a subsidiary of The Washington Post Co.
Slate, among the early online news portals, has about six million users, according to Nielsen NetRatings.

12/21/2004 16:33 GMT - AFP