Sidney Harman

The family of late billionaire Sidney Harman announced on Monday that it will no longer invest in the ailing Newsweek magazine and the online Daily Beast website, leaving the joint company under the control of Barry Diller's IAC/InterActiveCorp. According to a Reuters article by Peter Lauria, IAC said it will continue to subsidize Newsweek Daily Beast's operations, and as a result, its…

There’s something oddly funny about the cluelessness of liberal media companies when their ratings fall or their subscriptions collapse. They just refuse to admit, even consider that the business problem could be (at least in part) their own incessant liberal agitating. Instead, they seem to double down and make things even worse.ABC’s Sunday show “This Week with George Stephanopoulos” could…

Managing Editor's Note: NewsBusters publisher Brent Bozell issued the following statement about The Washington Post Company selling Newsweek to the guy from RoboCop Sidney Harman, for a grand total of one dollar: There’s something entirely believable about the Newsweek sale.  A left-winger pretending to be centrist sold it to another left-winger pretending to be centrist. Newsweek is a…

Although it's not clear if Sidney Harman made the best offer of the suitors vying to purchase Newsweek magazine, there is one reason that was made clear by Donald E. Graham, chairman of The Washington Post Co. (NYSE:WPO). According to Mike Allen at Politico, Harman's bid was accepted by Graham partly because he felt comfortable with Harman's politics. "Graham felt comfortable with Harman's…