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...
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