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Author Topic: Newsweek sold for $1  (Read 1680 times)

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Offline Chris_

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Newsweek sold for $1
« on: August 02, 2010, 04:23:10 PM »
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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 Newsweek’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.
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Offline Carl

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Re: Newsweek sold for $1
« Reply #1 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>
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Offline THA HOUSTON PIMP IS IN DA HOUZ!

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Re: Newsweek sold for $1
« Reply #2 on: August 02, 2010, 05:35:52 PM »
so looks like Newsweak will continue is "Pravda-esque" pattern of spreading DNC propaganda.

 :censored: :bird:
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Offline Mike220

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Re: Newsweek sold for $1
« Reply #3 on: August 02, 2010, 05:38:41 PM »
I think he got ripped off. Way, way too overpriced for what he's getting.
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Offline DefiantSix

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Re: Newsweek sold for $1
« Reply #4 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.
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Offline NHSparky

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Re: Newsweek sold for $1
« Reply #5 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?
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Offline Tucker

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Re: Newsweek sold for $1
« Reply #6 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.
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Offline Chris_

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Re: Newsweek sold for $1
« Reply #7 on: August 02, 2010, 06:44:30 PM »

"Our usual bet?"
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Offline DumbAss Tanker

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Re: Newsweek sold for $1
« Reply #8 on: August 02, 2010, 09:50:24 PM »
Hey, what's that giant sucking sound coming out of old man Harman's checkbook...?

 :rotf:
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