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Washington Post Co. Sells NEWSWEEK to Sidney Harman

August 2, 2010 By WHC Insider


It’s official: The Washington Post Company has signed a contract to sell Newsweek to businessman Sidney Harman, 91, the founder and chairman emeritus of Harman International.

Newsweek Editor Jon Meacham has agreed to step down as part of the ownership transition.

According to the post on Newsweek.com, Meacham announced his departure in an e-mail to staff this afternoon: “It has been a privilege beyond measure to have worked for NEWSWEEK and for The Washington Post Company for the past 15 years. I will always be grateful for the opportunity the magazine gave me to serve alongside all of you. For half a century the Graham family created and sustained a culture in which we were able to do good, important work, and I know NEWSWEEK will continue to do so.”

“In seeking a buyer for Newsweek, we wanted someone who feels as strongly as we do about the importance of quality journalism. We found that person in Sidney Harman,” said Donald E. Graham, chairman and chief executive officer of The Washington Post Company, in a press release issued by the company.

Harman made his fortune in audio equipment and is the husband of Representative Jane Harman (D-CA).

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Filed Under: News Media Tagged With: Donald Graham, Jane Harman, Jon Meacham, Newsweek, Sidney Harman, Washington Post

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Exploring “behind the scenes” of the most powerful city in the world — Washington, D.C. — and those who cover it.

We track the White House Correspondents’ weekend and all the activities around it, from journalists and media companies to the White House and politicos.

Tammy Haddad is Co-Founder and Editor-In-Chief of WHC Insider and CEO of Haddad Media.

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