Sidney Harman

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Newsweek Chairman Sidney Harman Dead at 92

Stereo equipment magnate bought company for $1

(Newser) - Sidney Harman, the stereo equipment magnate who bought Newsweek for $1 last year, has died at what his family calls the "young age of almost 93." In a statement posted on the Daily Beast , the family notes that Harman learned he had acute myeloid leukemia one month ago... More »

It's Official: Newsweek, Daily Beast to Merge

Companies make announcement amid rumors

(Newser) - It's official: Newsweek and the Daily Beast will merge. This morning's announcement comes after yesterday's rumors —and despite last month's report that merger talks were killed. Tina Brown will in fact serve as editor-in-chief of both Newsweek magazine and the Daily Beast; current Beast president Stephen Colvin will be... More »

Newsweek, Daily Beast Will Merge: Report

Tina Brown will run both editorial staffs

(Newser) - It looks like the rumored marriage between Newsweek and the Daily Beast website is a go after all. The New York Observer says the two will announce a 50-50 merger tomorrow morning. Beast editor Tina Brown will run both staffs with "strong editorial independence," writes Nick Summers, citing... More »

Newsweek Sold to Audio Magnate for $1

Sidney Harman assumes magazine's growing losses

(Newser) - Sidney Harman has agreed to buy Newsweek, Advertising Age reports . The 91-year-old stereo-equipment magnate, who is married to Democratic Rep.Jane Harman, will essentially pay nothing for the magazine—the real cost comes in assuming Newsweek's liabilities, which could top $70 million this year. The Washington Post Co. has been... More »

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