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The first round of bidding closed for Newsweek magazine with the deadline for non-binding letters of interest expiring at 5 pm (2100 GMT) on Wednesday.
Speculation is rife about who would buy The Washington Post Co-owned news weekly, say media reports.
For the time being, however, it is only known that Florida-based conservative publisher Newsmax Media, Inc has made a bid.
A New York Post report indicated that the investment firm and owner of TV Guide, OpenGate Capital, is also interested in purchasing Newsweek.
The Wall Street Journal said that Thomson Reuters may also 'partner on a bid'.
According to The New York Observer, Newsweek editor Jon Meacham may also be trying to put together a bid for the magazine.
Newsweek was founded in 1933 and purchased by the Post Co in 1961.
Post Co chairman Donald Graham announced on May 5 that the company had decided to sell Newsweek.