[mgaphysics]

Seems like he thought that the price was right for a publication with such a strong legacy, even if he doesn't have a grand plan for the immediate future. This sale was only offered to a very narrow pool of buyers, so I think that it was a very prudent purchase. He is friends with the previous ownership and undoubtedly felt that if he can preserve the publication in some shape or form, there is nothing but upside given the "drop in the bucket" price.