From Poynter:
“So Newsweek has been sold to a fabulously wealthy angel, Sidney Harman. That is one of the scenarios I have considered likely since the magazine went on the block in early May. Washington Post CEO Don Graham made good on his pledge to put Newsweek in the hands of an owner who would honor its editorial traditions rather than hold out for more money from a buyer who would grab the brand and totally remake the magazine.
Now what? I can’t help but wonder whether, over the next couple of years, Harman will covert Newsweek to a nonprofit. It would fit both the struggling magazine’s finances and Harman’s intentions and circumstances. ”
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