In today's comic, Fool contributor Daniel Joshua Rubin takes on the sale of the Washington Post's (NYSE: WPO ) Newsweek magazine to 92-year-old billionaire Sidney Harman. The sale leaves many media-watchers scratching their heads, and many questions unanswered. Harman is an audio equipment mogul with no experience in media. He's widely rumored to be in talks with Tina Brown, the editor of InterActiveCorp's (Nasdaq: IACI ) online publication, The Daily Beast. If the two are able to combine entities, with the accomplished Brown as managing editor, Newsweek may yet emerge as a reinvigorated and powerful competitor to Time, Time Warner's (NYSE: TWX ) popular weekly newsmagazine. While the end result of this acquisition will likely remain in question for some time, one thing is certain -- the revolution in media rages on.
Capital Punishment: Newsweek, Bucking a Trend?
October 8, 2010 | Comments (0)
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