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Newsweek sold to stereo tycoon (Dinosaur Media Deathwatch)
AFP ^
| Aug. 2, 2010
Posted on 08/02/2010 5:31:09 PM PDT by PROCON
The Washington Post Co. has agreed to sell its money-losing Newsweek magazine to California billionaire Sidney Harman, the firm said Monday. "In seeking a buyer for Newsweek, we wanted someone who feels as strongly as we do about the importance of quality journalism. We found that person in Sidney Harman," said Donald Graham, chief executive of The Washington Post Company.
Harman vowed to retain the majority of Newsweek's 325 employees, although that number is not expected to include editor Jon Meacham, who was reported to be stepping down.
(Excerpt) Read more at breitbart.com ...
TOPICS: Crime/Corruption; Culture/Society; News/Current Events
KEYWORDS: harman; liberalmedia; newsweak; wp
1
posted on
08/02/2010 5:31:13 PM PDT
by
PROCON
To: PROCON
Well, when he bought this dog, he got himself the biggest woofer in history...
2
posted on
08/02/2010 5:32:42 PM PDT
by
jessduntno
(I wonder...how will third Manassas turn out?)
To: jessduntno
ROTFLMAO
A fool and his money are soon parted.
3
posted on
08/02/2010 5:33:32 PM PDT
by
Howie66
(I can see November from my house.)
To: Howie66
we wanted someone who feels as strongly as we do about the importance of quality journalism. ROFLOL, worked out well for ya, didn't it?!
4
posted on
08/02/2010 5:38:51 PM PDT
by
PROCON
(Independence Day + 29, Let's see how long it lasts!)
To: PROCON
From http://www.newsmeat.com/news/meat.php?articleId=80997757&channelId=2951&buyerId=newsmeatcom&buid=3281
Harman is the husband of Rep. Jane Harman, D-Calif., chairwoman of the House Homeland Security subcommittee on intelligence.
Wasn't this the woman caught giving information to Israel?
5
posted on
08/02/2010 5:42:12 PM PDT
by
benjibrowder
(For Neda. May God bless those fighting for freedom.)
To: PROCON
If it was ‘quality journalism’ it wouldn’t be a ‘money-losing’ magazine.
6
posted on
08/02/2010 5:43:16 PM PDT
by
MagnoliaB
To: PROCON
So the husband of Rep Jane Harmon (D CA) is now owner of newsleak? I seriously doubt that will add to the magazine’s credibility.
7
posted on
08/02/2010 5:44:47 PM PDT
by
pfflier
To: PROCON
"In seeking a buyer for Newsweek, we wanted someone who was extremely rich and extremely old, and therefore someone who could both afford to absorb almost unlimited future losses and wouldn't understand that a printed weekly news magazine is about as relevant as the rotary-dial telephone in the age of the Internet
feels as strongly as we do about the importance of quality journalism," said Post Co. Chairman Donald Graham in a statement.
There, fixed it.
8
posted on
08/02/2010 5:45:17 PM PDT
by
catnipman
(Cat Nipman: Made from the Right Stuff!)
To: pfflier
Gads...it will probably be worse now (if that is even possible)....LOL!! Nothing but left wing propaganda and conservative bashing...in other words..not much will change.
9
posted on
08/02/2010 5:47:29 PM PDT
by
penelopesire
(FOX NEWS TRIBAL PRINCESS)
To: PROCON
A useful tax write-off for the wealthy husband of a California Democrat Congresswoman.
10
posted on
08/02/2010 5:48:19 PM PDT
by
Mobties
To: benjibrowder
11
posted on
08/02/2010 5:55:38 PM PDT
by
Tunehead54
(Nothing funny here ;-)
To: jessduntno
Well, when he bought this dog, he got himself the biggest woofer in history... Well put.
To: PROCON
Jane Harmon’s HUSBAND....a MEMBER OF CONGRESS NOW OWNS NEWSWEEK!!
13
posted on
08/02/2010 6:09:57 PM PDT
by
Ann Archy
(Abortion......the Human Sacrifice to the god of Convenience.)
To: PROCON
we wanted someone who feels as strongly as we do about the importance of quality journalism If I were the purchaser of Newsweek, I would sue the person who uttered this phrase for slander.
14
posted on
08/02/2010 6:10:59 PM PDT
by
Hardastarboard
(Can a number cause illness? 'Cause I sure am sick of Zero.)
To: PROCON
He made my first stereo.
15
posted on
08/02/2010 6:16:35 PM PDT
by
bmwcyle
(It is Satan's fault)
To: PROCON
According to Wikipedia: "On August 2, 2010, it was announced that Harman had entered into a contract to buy Newsweek magazine from the Washington Post Company for the token price of one dollar. He also assumes the liabilities of the magazine."
16
posted on
08/02/2010 6:49:51 PM PDT
by
theDentist
(fybo; qwerty ergo typo : i type, therefore i misspelll)
To: PROCON
He should load up on GM stock while he's at it.
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
17
posted on
08/02/2010 6:54:54 PM PDT
by
The Comedian
(Evil can only succeed if good men don't point at it and laugh.)
To: Tunehead54
http://www.telegraph.co.uk/news/worldnews/northamerica/usa/5189926/Jane-Harman-recorded-on-wiretap-promising-to-intervene-for-American-Israeli-group.html
Yup. Thought her name seemed familiar. I don't feel bad if a ton of anti-semites at Newsweak lose their job.
18
posted on
08/02/2010 6:57:38 PM PDT
by
benjibrowder
(For Neda. May God bless those fighting for freedom.)
To: Mobties
A useful tax write-off for the wealthy husband of a California Democrat Congresswoman. Hmmm, gearing up for a print media bailout and lining up to be a beneficiary?
19
posted on
08/02/2010 8:00:58 PM PDT
by
theymakemesick
(Full of hatred for those that disagree, liberal democrats are the most intolerant bigots on Earth)
To: theymakemesick
Simpler than that, I think. He makes a lot of money ... pays a lot of taxes and next year he'd be paying more without the ongoing losses at Newsweek offsetting his income. And who knows? Harmon is a successful businesman. Maybe he can turn Newsweek around.
I'm assuming he and his accountants can transfer the losses to the Harmon tax return without too much trouble.
The best take on Newsweek is still Iowahawk’s “I need some ‘Me’ time” http://iowahawk.typepad.com/iowahawk/2010/05/i-need-some-me-time.html#more
20
posted on
08/02/2010 8:34:39 PM PDT
by
Mobties
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