The Washington Post Company has reached an agreement with Microsoft Corp. to acquire Slate, the online magazine. The business operations of Slate will be run by Washingtonpost.Newsweek Interactive (WPNI), a subsidiary of The Washington Post Company. Cliff Sloan, VP, business development and general counsel of WPNI, has been named publisher of Slate. Its offices in New York and Washington, DC will continue to operate. In a separate agreement between Microsoft and WPNI, Slate will continue to be available to users on MSN through links on the MSN portal.
(www.washingtonpost.com; www.microsoft.com; www.slate.com)