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Newsweek Chairman Sidney Harman Dead at 92

Stereo equipment magnate bought company for $1
By Evann Gastaldo,  Newser Staff
Posted Apr 13, 2011 9:08 AM CDT

(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 and died of complications last night in Washington, DC. Harman, who co-founded the Harman/Kardon audio company and was married to former Democratic Rep. Jane Harman, remained the executive chairman of Newsweek until his death. (Read more Sidney Harman stories.)

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