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
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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. =o you have summary of numbers. and plan , plus detailed staffing bios
>
> --
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