> "91 year old audio equipment tycoon has reportedly bought Newsweek magazine
> for $1. Not an issue, mind you, but the whole company."
>
> Dude got ripped off.  Guess he has lost some of his business acumen in his
> old age.

Interesting twist I heard on this was that his wife is in politics..

http://blogs.wsj.com/deals/2010/08/02/the-411-on-newsweek-buyer-sidney-harman/

Married to: Jane Harman, Democratic congresswoman who represents a
district that includes much of Los Angeles.

I've heard of buying off the media but at least this time he paid a
decent price for it!

Heh

Hatto

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