Audio Tycoon’s Newsweek Bid Said to Be Favored
New York Times, July 29, 2010
By Jeremy W. Peters
As the Washington Post Company prepares to sell Newsweek to the most appealing bidder, it is closely examining an offer from Sidney Harman, the California billionaire who made his fortune selling audio equipment. Mr. Harman’s offer seems likely to appeal most to the Washington Post's chairman, Donald E. Graham, and the company’s board because it proposes to keep the vast majority of Newsweek's 325 employees in their jobs, including the magazine's top management and editors,
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