Spin to Go to Hartle at Bargain Basement Price

Miller Publishing's Spin magazine is close to a sale to Hartle Media, Folio reports. Sources had speculated that the sale price for the magazine, which once sold for $42 million, would be close to $5 million, but one source said that the actual cash value of the transaction, after the assumption of a subscription liability, would be significantly less. Last year, Miller was offered an unsolicited $100 million for both Spin and Vibe, but decided to open up the sale to other bidders.