By MICHAEL GRAHAM, AP Writers and photo by JOE DEALER Contributing WriterThe Wall Street JournoList is a collection of the best reporting from the country’s leading publications.
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Read moreThe New York Stock Exchange has begun selling shares of Cosmo magazine to attract more readers, a move that could lead to greater exposure to the popular daily.
Cosmo, which has had a circulation of just over 100,000 since its launch in 1997, has a circulation rival to the Times and the Economist.
Cosmopolitan’s circulation in the United States is estimated to be less than 2,000, according to the Wall Street journal.
Cosmocolumnus Peter Cosmo says he plans to use the Cosmo stock to help him secure jobs that pay $10,000 or more per year.
Cosme magazine was started by Cosmo writer and artist Peter Cosman and began publishing in 2000.
In 2013, Cosman sold the rights to Cosmo to a private equity firm and a $500 million acquisition by the Walt Disney Company.
Cosman, who is also co-founder and chief creative officer of the company, said in an interview that Cosmo’s stock value is expected to soar as more people see it as a valuable resource.
“I think it will go up in value and I think the company will be better for it,” he said.
Cosmos’ stock price has surged since it was bought by Disney in 2014, reaching as high as $1,927 per share.
Cosmen also said Cosmo has “great credibility and a great audience.”
In an interview with The Associated Press, Cosmen said he was planning to make a statement about Cosmo that will go beyond the news outlet.
“Cosmo magazine has always been a valuable asset for me.
I feel very lucky that I was able to do what I did,” Cosman said.
“And I hope that Cosmopolitan can do what it does well.
I think that Cosmecolumnuses readers are going to enjoy the news and that they are going for a more authentic story than any other publication.”
Cosman is also an investor in several other publications.
He owns The Hollywood Reporter and The New York Times.
The Wall St. Journal also owns Cosmo.
“This is a great opportunity for me to try to grow Cosmos stock value,” Cosmo said.