The Washington Post Company Agrees To Sell Newsweek To Sidney Harman (Newsweek)

The Washington Post Company announced that it has signed a contract to sell Newsweek to businessman and philanthropist Sidney Harman. Harman was one of several bidders for the magazine, and the deal was not concluded until Monday, even as some of the interested parties upped their bids that morning. A source close to the deal said the magazine will be purchased by the Harman family and it will not have an association with Harman International.

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