It's unlikely Harmon has much, if any, skin in the game.
Harmon is too old (91), has too little experience running a news venture (zero) and is too savvy to shell out cash on the hopes of resurrecting a dead dog.
Much more likely scenario: A Harmon shell company assumed both the assets and liabilities for Newsweak with the ComPost still acting as some sort of guarantor.
If one of Harmon's hot young turks can revive the rag, great. If the turk manages to salvage something from the ruins, say 30 cents on the dollar, not so good but better than nothing. If the venture flops completely, at least they're no worse off than right now. Bottom line: Banks - loan stays on the books at full value and performing - for now. WaPoo - shed of deadwood and loans not written off, EBIDTA goes up - for now. Newsweak - alive - for now. Harmon - something for nothing more than sweat - maybe.
It's not an attractive solution, in my opinion, but desperate times call for desperate measures.
Seems I saw somewhere that the WaPo still has responsibility for pensions.
All this just makes it official that the rag is a mouthpiece for the Democrats.