Stereo equipment billionaire Sidney Harman has purchased Newsweek from the Washington Post for the bargain basement price of $1. He’ll be assuming $70 million dollars in debt, but hey, this the founder of Harman Kardon (which pioneered the now well-known consumer electronics practice of selling separate components to be custom-tailored into a home sound system AND brought the world the first hi-fi receiver) as well as Harman International — so, hey maybe he’s on to something. Jon Meacham will be out as Newsweek editor.
Yahoo Finance: Dr. Sidney Harman to Purchase Newsweek from The Washington Post Company
Ad Age: Harman Signs Deal to Buy Newsweek From Washington Post Co.
HuffPo: Sidney Harman Buys Newsweek
Check out our work for Harman below.
We Did It: Harman Shoot
BCP Client: Harman International
BCP Client: Farm
