Activisions newsletter, issue #5 from December 1982.  Sent out by Activision to subscribers, to promote their games for the Atari 2600 (VCS).  Includes previews of new games, articles about their designers, high scores and more.  This issue features articles about Sky Jinks and River Raid, and a profile of Pitfall creator David Crane.  The 8-page issue is in overall good shape for its age, with no markings or tears, although it has been folded in half.  There is no address label or bulk mail indicator, suggesting that these were originally mailed in an outer envelope (which is not included here).

I wasn't able to find much info on what this might be worth to collectors, so I took a guess.  Feel free to make counter offers.

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I welcome lower offers, especially if you are buying multiple items at once.  To make a lower offer, add the item(s) to your cart and on the checkout page you will be given the option to name your own price.  (If you are not seeing this option, it may be because your state requires sales tax.  Bonanza is working on a fix for this issue, but you can also send me a direct message with your offer.)  Full information about making offers here.