Audio Pioneer Buys Newsweek

August 3, 2010  |  

(New York Times) — Sidney Harman, a 91-year-old audio pioneer, will be the new owner of Newsweek, the Washington Post Company announced on Monday after a two-and-a-half-month search. Now what does this deep-pocketed entrepreneur do with a magazine that lost nearly $30 million last year alone?

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