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The Washington Post Company has sold Newsweek, the celebrated but financially battered 77-year-old newsmagazine, to Sidney Harman, philanthropist and founder of the Harman/Kardon audio equipment company. "I would be delighted over a period of some years to see Newsweek flourish,” he said Monday. “Break-even is a serious accomplishment, especially in this world, the world of journalism. I’m not here to make money, I’m here to make joy."
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The Daily Beast on Newsweek sale: Harman's pocket change purchase of Newsweek has to be a passion play. It certainly isn't a financial one.
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