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May 5, 2008

Sale of Entrepreneur Media narrowing in

Folio reports that sources say the sale of Entrepreneur Media may happen as soon as the middle of May.
Potential buyers include the financial-services firm A.G. Edwards, Dow Jones, R.H. R.H. Donnelley and possibly USA Today with final bids due next week.
Entrepreneur Media is said to want $200 million for the company. In the meantime morale is low at Entrepreneur Media as the staff remains in the dark on the sale process.
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