As is being reported today, Budget Travel magazine will not be closing down (rumors we reported on a couple weeks ago), but instead is being sold off by the Washington Post to private investment firm Fletcher Asset Management Inc.

And layoffs? Fletcher has reportedly “agreed to keep almost all of Budget Travel’s employees.” Good news for almost all of Budget Travel’s staff. Glad to see it’s sticking around.

Posted on December 17, 2009 by Matt Stabile