Sidney Harman assumes magazine's growing losses
(Newser) -
Sidney Harman has agreed to buy Newsweek, Advertising Age reports . The 91-year-old stereo-equipment magnate, who is married to Democratic Rep.Jane Harman, will essentially pay nothing for the magazine—the real cost comes in assuming Newsweek's liabilities, which could top $70 million this year. The Washington Post Co. has been...