Magnum Archive to Michael Dell and University of Texas

Big photography news last night with the announcement that Magnum Photos has sold its print archive to Michael Dell. Magnum Director Marc Lubell discusses the archive. Here's the NYT's story:
“You could see the handwriting on the wall,” said Mr. Lubell, who took over as director six years ago, “and the handwriting was shrinking and shrinking.” With the proceeds from the sale the agency — which represents the work of 13 estates and 51 current members, including well-known photographers like Bruce Davidson, Eve Arnold, Susan Meiselas, Martin Parr and Alec Soth — will try to recreate itself as a media entity on the Web, relying less on publications and more on its ability to tell its own stories of world events and trends.
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