UPDATE, 5:20 PM: The Washington Post Co. has now officially announced the sale of Newsweek to Sidney Harman.
In a press release, both Post Co. Chairman Donald Graham and Harman himself stressed that no major changes would be coming. Graham said Harman "has pledged not only to continue to produce a lively, compelling and first-rate news magazine, but also an equally dynamic Newsweek.com - and he intends to keep a majority of Newsweek's very talented staff."
Editor Jon Meacham also confirmed he will step down when the sale is complete.
In an email to the Newsweek staff, Meacham said that, over the summer, he "decided that the change in ownership was a natural occasion for me to move on, and I told Don and Ann [McDaniel, Managing Director of NEWSWEEK] that I would see the magazine through the sale and then explore what may be next for me."
Meacham said he wishes Harman "all the success in the world. As I have told him, no one will be rooting for him, for you, and for the institution more than I will. The journalism you create matters to the country and to the world, perhaps now more than ever."
ORIGINAL POST: Stereo equipment billionaire Sidney Harman has purchased Newsweek from the Washington Post, according to reports.
The New York Times reported Monday that Harman -- who has been seen as the frontrunner for the magazine -- had all but finalized a deal to acquire the newsweekly.
Click here to continue reading
SOURCE: Huffington Post
Comments |  RSS |
|
