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Current Events => General Discussion => Topic started by: Chris_ on August 02, 2010, 04:23:10 PM

Title: Newsweek sold for $1
Post by: Chris_ on August 02, 2010, 04:23:10 PM: Quote
As expected, The Washington Post Company will sell Newsweek to audio equipment impresario Sidney Harman, AdAge reported, and PaidContent has confirmed. As we noted last week, the bid from the 91-year-old Harman, the husband of Democratic Congresswoman Jane Harman, had the most appeal to WaPo Chairman Donald Graham because the audio pioneer was willing to keep 250 of the 325 Newsweek employees on staff. As for the bid, Harman offered $1 and the acceptance of Newsweekâ€™s liabilities, which are estimated to be about $70 million.

http://paidcontent.org/article/419-wapo-sells-newsweek-to-harman-announcement-coming-this-afternoon/

I don't know which is funnier, the sale price or that the buyer is married to a Democrat Congresscritter.
Title: Re: Newsweek sold for $1
Post by: Carl on August 02, 2010, 04:27:44 PM: Quote from: chris_ on August 02, 2010, 04:23:10 PM
I don't know which is funnier, the sale price or that the buyer is married to a Democrat Congresscritter.

Remember though that the media is owned by the right wing! </DUmmyspeak>
Title: Re: Newsweek sold for $1
Post by: THA HOUSTON PIMP IS IN DA HOUZ! on August 02, 2010, 05:35:52 PM: so looks like Newsweak will continue is "Pravda-esque" pattern of spreading DNC propaganda.

:censored: :bird:
Title: Re: Newsweek sold for $1
Post by: Mike220 on August 02, 2010, 05:38:41 PM: I think he got ripped off. Way, way too overpriced for what he's getting.
Title: Re: Newsweek sold for $1
Post by: DefiantSix on August 02, 2010, 05:46:44 PM: Quote from: Mike220 on August 02, 2010, 05:38:41 PM
I think he got ripped off. Way, way too overpriced for what he's getting.

Well, that fish wrapper was so deep in debt, that offering to pay the guy to take NewsWeak off their hands would have been a useless gesture.
Title: Re: Newsweek sold for $1
Post by: NHSparky on August 02, 2010, 06:13:00 PM: I knew Jane Harman was old, but HOLY SHIT!!! 91 year old hubby? Was he cradle robbing or something?
Title: Re: Newsweek sold for $1
Post by: Tucker on August 02, 2010, 06:37:21 PM: They gave it away to avoid Newsmax from buying it. If that happened, for once when they say right wing media, they would be right.

It put the fear of God in them.
Title: Re: Newsweek sold for $1
Post by: Chris_ on August 02, 2010, 06:44:30 PM: (http://i237.photobucket.com/albums/ff68/kayaktn/smileys/2TradingPlaces-300x171.jpg)
"Our usual bet?"
Title: Re: Newsweek sold for $1
Post by: DumbAss Tanker on August 02, 2010, 09:50:24 PM: Hey, what's that giant sucking sound coming out of old man Harman's checkbook...?

:rotf: