EFTA02351069

From: John Steele Sent: Sunday, July 9, 2017 11:31 AM To: Jeffrey E. Subject: Re: Jeffrey, Wide open on Wednesday and Thursday...will call your assistant to =ook. Attached is our About Nautilus package that provides more =nformation on the magazine, audience and staff. Not sure if Larry =entioned it, but we've been in talks with Rush Holt for over 6 =onth about merging Nautilus into AAAS, as a companion for Science. A =erger that would be financially backed by a HHMI and the Simons =oundation funding pool, until we go profitable within the next two =ears. The long process has put us in a very challenged financial =osition, since normally the grants from HHMI and Simons that we were =xpecting at the end of 2016 are now tied to backing a potential merger. =A backing, I might add that HHMI is institutionally agnostic about. =ts not specifically tied to AAAS. Both Simons and HHMI are big =upporters of the work we do at Nautilus and just want to put Nautilus =nto a stable place. I've been talking to Larry because we are =ooking for an alternative to AAAS that will keep Nautilus independent. =here is some degree of trepidation, even on HHMI's part, about =he effect of AAAS's association culture on Nautilus' =nique style. But we can go over all of this when we get together. I had talked to Larry about three potential structures for an =ndependent Nautilus; keep it a 501(c)(3), create a for-profit =ubsidiary within the foundation that would contain Nautilus, or =ransfer Nautilus to a for-profit newco. The for-profit subsidiary has =otential benefits as it can still be used to bring in foundation =unding to the effort....particularly through our education =rogram. I'm relaying this long story because as part of HHMI and =imon's efforts to build a funding pool for Nautilus, they =ommissioned Ed Fones, a publishing consultant to provide an independent =usiness plan and opportunity report on Nautilus. I wanted to =iscreetly share those with you. Looking forward to talking. John John Steele Publisher & Editorial Director Nautilus 25 Broadway, 9th Floor New York, NY 10004 1 EFTA_R1_01329131 EFTA02351069 > On Jul 9, 2017, at 5:05 AM, Jeffrey E. <jeevacation@gmail.com> wrote: > its a great magazine. Im in new york wed and thurs if you have =ome time.. my assistant lesley can be contacted at 212 750 9895 . =0 you have summary of numbers. and plan , plus detailed staffing bios > -- > please note > The information contained in this communication is confidential, may > be attorney-client privileged, may constitute inside information, and > is intended only for the use of the addressee. It is the property of > JEE Unauthorized use, disclosure or copying of this communication or > any part thereof is strictly prohibited and may be unlawful. If you > have received this communication in error, please notify us > immediately by return e-mail or by e-mail to jeevacation@gmail.com > =mailto:jeevacation@gmail.com>, and destroy this communication and all > copies thereof, including all attachments. copyright -all rights > reserved --Apple-Mail=BD58E34-62FE-4A38-A4B7-1448FCF 2 EFTA_R1_01329132 EFTA02351070