Newsweek, a division of The Washington Post Company (WPO), a diversified media and education company, recently announced that it has agreed to sell Arthur Frommer’s Budget Travel magazine to Fletcher Asset Management Inc., a New York investment firm. The terms of the transaction, expected to close by Dec 31, 2009, were not disclosed. The investment firm [...] (WPO) The Washington Post’s Newsweek to Offload Budget Travel