Newsweek sold for $1?

thedailybeast.com — Ninety-one-year-old audio tycoon Sidney Harman's purchase of Newsweek yesterday was greeted with internal cheers. But a look inside the magazine's financial records, leaked to The Daily Beast, reveals its new crisis. Aug 3, 2010 View in Crawl 4

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Closed Account Aug 3, 2010

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He should have offered half that much. He got screwed.

kasha34 Aug 3, 2010

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Newsweek? You mean LIBweek.

Some people say readership went down because you can read it on the internet for free. Still, I can't remember a time that I ever bothered going to Newsweek.com. Their lib/progressive angle is so predictable, why bother. How do I know? I read Newsweek at the dentist.

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botoxx Aug 3, 2010

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Good reading right before a root canal.

mnocket Aug 3, 2010

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After many years, I let my subscription to Newsweek expire last year (I would have the previous year but my wife renewed without my knowing). It had just gotten to be so biased in its coverage. I got the feeling that Meacham set a deliberate path to alter the magazine to appeal to Liberal readers. I just can't understand the reasoning that says you can increase readership by appealing to a subset of readers. Clearly, in Newsweek's case it didn't work.

justlistening Aug 3, 2010