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Deal For Newsweek Close To Completion (Liberal millionaire to buy dying magazine for $1)
NY Times ^ | 8/2/10 | JEREMY W. PETERS

Posted on 08/02/2010 9:42:12 AM PDT by jimbo123

A deal to sell Newsweek to a 91-year-old stereo equipment magnate could be announced as early as today, a move that would signal the end of a half-century of ownership by The Washington Post Company.

(Excerpt) Read more at mediadecoder.blogs.nytimes.com ...


TOPICS: News/Current Events
KEYWORDS: enemedia; harman; janeharman; leftganda; liberalmedia; newsweak; newsweek; sidneyharman; wapo; wp
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Soon to be an ex-millionaire...
1 posted on 08/02/2010 9:42:22 AM PDT by jimbo123
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To: jimbo123

Let it friggin’ die.


2 posted on 08/02/2010 9:43:27 AM PDT by no dems (To Every Democrat Elected Official in the U.S.: "Shame, shame. Shame on all your houses.")
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To: jimbo123

I am assuming that he is actually agreeing to assume the magazine’s debts, and therefore shelling out a lot of money.

But I will let the experts chime in.


3 posted on 08/02/2010 9:44:19 AM PDT by cvq3842
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To: jimbo123

I’ll double his offer:
That’s right, I’m offering a whole $2 for ownership of the magazine.


4 posted on 08/02/2010 9:45:43 AM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: jimbo123

So, let me get this straight.

WaPo, who is bleeding red ink, sells Newsweak for $1 instead of getting some value from it from the conservative media company who was prepared to bid MUCH more.

Abandoning business good sense for the sole purpose of maintaining Newsweak as a leftist microphone.

How on earth can they claim there is NO bias at WaPo? Seriously. How?


5 posted on 08/02/2010 9:46:05 AM PDT by Nervous Tick (Eat more spinach! Make Green Jobs for America!)
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To: jimbo123

$1? He’s paying too much.


6 posted on 08/02/2010 9:46:12 AM PDT by paul in cape
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To: jimbo123

Who would want to underwrite millions of dollars in debt to a 91 year old?


7 posted on 08/02/2010 9:46:23 AM PDT by Rebelbase (Political correctness in America today is a Rip Van Winkle acid trip.)
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To: jimbo123

I haven’t bought a copy of Newsweek in 15 years! What a joke. But Hussein and Pelosi shouldn’t let liberal magazines have financial troubles. Newsweek needs a taypayer funded bailout! And while we’re at it, bring in the “Fairness Doctrine” to put the only media companies making money out of business - the conservative ones.

We so need a revolution. I hope the November election will be the start of one.


8 posted on 08/02/2010 9:46:49 AM PDT by Astronaut
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To: jimbo123

A guy with a last name like Harmon ran JBL and Infinity? Next I’ll find out that the guy who runs Acer is named Hewlitt.


9 posted on 08/02/2010 9:47:16 AM PDT by Dr. Sivana (There is no salvation in politics)
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To: jimbo123
Talk about a bargaining chip! All the 91 year old has to do is keep faining a Red Fox, and they all run to give him his way in these negotiations to sucker him in to buying this magazine. lol
10 posted on 08/02/2010 9:47:52 AM PDT by Dem Guard (The + IRS = Theirs)
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To: jimbo123

So Newsweek would not sell to “conservative” owners. They picked a 91 year old “liberal”.

What happens when he dies? Does it goes to his heirs? Will it be back on the selling block in a year?

Bizarre.


11 posted on 08/02/2010 9:48:00 AM PDT by CriticalJ (Suppose you were an idiot. And suppose you were a member of Congress.. But then I repeat myself. MT)
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To: jimbo123
He is married to Jane Harman, a congresswoman who represents Southern California.

This virtually ASSURES that Newsweek's political covergae will continue to be unbiased. /s

12 posted on 08/02/2010 9:48:19 AM PDT by WayneS (Respect the 2nd Amendment; Repeal the 16th)
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To: jimbo123

“What the sale to Mr. Harman suggests, perhaps more than anything else, is that the right owner for a struggling media property like Newsweek is someone who can afford to lose tens of millions of dollars a year while the magazine tries to find a more successful approach.”

Harman, who is tight with Mortimer Adler’s LEFTIST Aspen Institute, will probably keep this rag moving LEFT, guaranteeing it’s ultimate demise.

Now that IS good news!!


13 posted on 08/02/2010 9:49:54 AM PDT by Dick Bachert (The upcoming election is the most important in our lifetimes!!! BE THERE!!!!!!!)
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To: CriticalJ

If the 91 year old dies next year, his relatives would only get 45% of Newsweek.


14 posted on 08/02/2010 9:50:00 AM PDT by Secret Agent Man (I'd like to tell you, but then I'd have to kill you.)
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To: jimbo123

I hope they’ll continue to send it for free the EyeGuy Health complex.

Got fish to wrap, fires to start and bird droppings to catch.


15 posted on 08/02/2010 9:50:09 AM PDT by EyeGuy
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To: jimbo123
Mr. Harman, who turns 92 this month,..........is married to Jane Harman, a congresswoman who represents Southern California.

Interesting.

16 posted on 08/02/2010 9:50:11 AM PDT by facedown (Armed in the Heartland)
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To: jimbo123

The family of the demented 91 year old should sue Newsweek for stealing their inheritance.


17 posted on 08/02/2010 9:51:18 AM PDT by FormerACLUmember ("Subtlety is not going to win this fight": NJ Governor Chris Christie)
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To: Dr. Sivana
Next I’ll find out that the guy who runs Acer is named Hewlitt.

No, but this is interesting: "He is married to Jane Harman, a congresswoman who represents Southern California. He is also active in the Aspen Institute, a nonprofit, public policy research organization led by Walter Isaacson, the former editor of Time."

18 posted on 08/02/2010 9:52:17 AM PDT by bcsco (First there was Slick Willie. Now there's "Oil Slick" Barry...)
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To: facedown

OMG!! A CONGRESSWOMAN WILL OWN NEWSWEEK!! geesh.


19 posted on 08/02/2010 9:52:51 AM PDT by Ann Archy (Abortion......the Human Sacrifice to the god of Convenience.)
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To: jimbo123

Hear’s hoping he goes broke.


20 posted on 08/02/2010 9:53:09 AM PDT by Little Ray (The Gods of the Copybook Headings with terror and slaughter return!)
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To: bcsco
No, but this is interesting: "He is married to Jane Harman, a congresswoman who represents Southern California. He is also active in the Aspen Institute, a nonprofit, public policy research organization led by Walter Isaacson, the former editor of Time."

You're right. I suspect that the folks who bleat about the actvities of Mrs. Chief Justice Roberts and Mrs. Justice Thomas will be quiet about this.
21 posted on 08/02/2010 9:56:24 AM PDT by Dr. Sivana (There is no salvation in politics)
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To: jimbo123
One Dollar...
22 posted on 08/02/2010 9:57:18 AM PDT by GQuagmire
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To: Ann Archy
OMG!! A CONGRESSWOMAN WILL OWN NEWSWEEK!!

.....and this will change the incredible bias, how, exactly?

23 posted on 08/02/2010 9:58:36 AM PDT by Lazamataz ("We beat the Soviet Union. Then we became them." -- Lazamataz, 2005)
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To: Little Ray

He’s going to cut 35% of the staff, but will still lose at least $10=$15 million a year after the cuts. I would assume WaPo will assume the Newsweek pension liabilities as part of the deal.


24 posted on 08/02/2010 10:00:29 AM PDT by jimbo123
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To: jimbo123

Was it Steve McQueen with the line:

“You paid too much.”


25 posted on 08/02/2010 10:01:08 AM PDT by frog in a pot (Wake up America! You are losing the war against your families and your Constitution!)
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To: jimbo123

At least the magazine and its new owner have something significant in common besides being on the wrong side of spiritual warfare: They’re best days are long past.


26 posted on 08/02/2010 10:01:33 AM PDT by TheClintons-STILLAnti-American
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To: jimbo123
Q: Why would anyone pump "tens of millions of dollars" into a failing enterprise that is looking for "a more successful approach?"

A: Because it's worth it. It's a propaganda organ. It doesn't have to make money.

27 posted on 08/02/2010 10:02:03 AM PDT by Billthedrill
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To: Nervous Tick
How on earth can they claim there is NO bias at WaPo? Seriously. How?

I was pretty sure they completely abandoned that claim in 2008.

28 posted on 08/02/2010 10:04:21 AM PDT by The_Victor (If all I want is a warm feeling, I should just wet my pants.)
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To: Dr. Sivana

During the Bush administration, Jane Harman often came across as one of the more lucid Democrat politicians. Not by any great lengths, but more lucid.

That’s since changed and now, what with her husband assuming the liabilities of this rag, she’s lost any small modicum of respect I’ve had. Not because they now own it, because it makes no sense.


29 posted on 08/02/2010 10:05:16 AM PDT by bcsco (First there was Slick Willie. Now there's "Oil Slick" Barry...)
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To: Billthedrill

His goal is to keep Fareed Zakaria and his anti-American, pro-terrorist rantings in print for as long as possible. If Newsweek shut down, Fareed would have to get a job at Al Jazeera.


30 posted on 08/02/2010 10:06:26 AM PDT by jimbo123
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To: jimbo123

$1?

That’s a lot for bird cage liner ...


31 posted on 08/02/2010 10:10:05 AM PDT by PackerBronco
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To: jimbo123

In 5 years there will be no Time magazine, and the NYT will be a hollow SHELL of it’s former self.

And to get it done WE DON’T HAVE TO DO ANYTHING.

And they KNOW it.


32 posted on 08/02/2010 10:11:07 AM PDT by gaijin
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To: jimbo123
Soon to be an ex-millionaire...

Kinda like the old joke, How do you make a small fortune in auto racing? By starting with a large one.

33 posted on 08/02/2010 10:11:34 AM PDT by dirtboy
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To: jimbo123

He overpaid...................


34 posted on 08/02/2010 10:11:50 AM PDT by Red Badger (No, Obama's not the Antichrist. But he does have him in his MY FAVES.............)
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To: jimbo123

"I'd buy that for a dollar!"

35 posted on 08/02/2010 10:12:50 AM PDT by 6SJ7 (atlasShruggedInd = TRUE)
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To: bcsco

Jane Harman is 65, and her husband is 92? I’m sure that was a love match.


36 posted on 08/02/2010 10:16:01 AM PDT by rightwingintelligentsia (Forcing one person to pay for the irresponsibility of another is NOT social justice.)
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To: paul in cape

I’d pay 10$ just for the ability to fire all the staff....


37 posted on 08/02/2010 10:16:10 AM PDT by Kozak (USA 7/4/1776 to 1/20/2009 Reqiescat in Pace)
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To: gaijin
In 5 years there will be no Time magazine, and the NYT will be a hollow SHELL of it’s former self.

And to get it done WE DON’T HAVE TO DO ANYTHING.

And they KNOW it.


You are exactly right. The so-called "journalists" don't have a clue, but Gay Pinch knows that 1 out of every 2 current NY Times employees will not have a job at the rag in 5 years.
38 posted on 08/02/2010 10:16:12 AM PDT by jimbo123
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To: jimbo123

Look for more cutting edge stories glorifying the wonderful brilliance of Dear Leader and his teachings. Every week.


39 posted on 08/02/2010 10:17:02 AM PDT by Avid Coug
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To: jimbo123

If he fires all of the biased journalists on staff and rebuilds based on the 1 or 2 remaining writers it might have a chance. If it were a true objective news magazine it just might survive for many years and return to profitability.


40 posted on 08/02/2010 10:19:40 AM PDT by Truth is a Weapon (If I weren't afraid of the feds, I would refer to Obama as our "undocumented POTUS")
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To: jimbo123

What’s this magazine? Weak News?? I’m not familiar with it.


41 posted on 08/02/2010 10:19:45 AM PDT by Still Thinking (Freedom is NOT a loophole!)
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To: jimbo123

“Dr. Harman is chairman of the Program Committee of the Board of the Aspen Institute for Humanistic Studies and a member of the Board of the Carter Center of Emory University. Dr. Harman served as the Deputy Secretary of Commerce of the United States in 1977 and 1978.”


42 posted on 08/02/2010 10:23:32 AM PDT by donna (Why did John McCain let it get so bad?)
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To: Kozak
I’d pay 10$ just for the ability to fire all the staff....

And the opportunity to give them bad recommendations when their potential next employers call!

43 posted on 08/02/2010 10:24:32 AM PDT by Still Thinking (Freedom is NOT a loophole!)
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To: jimbo123
Soon to be an ex-millionaire...

Q. How do you make a small fortune in the liberal print media?

A. Start with a large fortune.

This is simply the socialist response to talk radio - they can't get an audience, but need a soapbox.

44 posted on 08/02/2010 10:26:13 AM PDT by FatherofFive (0bama is dangerous and must be stopped.)
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To: jimbo123

......He is married to Jane Harman......

One wonders what a 91 year old could do to satisfy a 65 year old trophy wife...... buy her a moonbat rag


45 posted on 08/02/2010 10:26:32 AM PDT by bert (K.E. N.P. N.C. +12 ..... Greetings Jacques. The revolution is coming)
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To: jimbo123
the company and its chairman, Donald E. Graham, have turned away several potential buyers whom they believed would lead the magazine in a markedly different editorial direction.

But Newsweek, The Washington Post, and the New York Times would scream bloody murder if a white couple selling their home refused offers from black people "whom they believed would lead the neighborhood in a markedly different direction". Oh, the hypocrisy!

46 posted on 08/02/2010 10:27:55 AM PDT by libertylover (The problem with Obama is not that his skin is too black, it's that his ideas are too RED.)
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To: jimbo123

“His goal is to keep Fareed Zakaria and his anti-American, pro-terrorist rantings in print for as long as possible. If Newsweek shut down, Fareed would have to get a job at Al Jazeera.”

Agree. This move takes liabilities off WAPO balance sheet, and most importantly, income statement and moves it to 2 hardcore pro-Israeli supporting Dems. WAPO may be a lot of things, but anti-Jew it ain’t. Harman and wife are both Jewish, with the wife Jane, the daughter of Jewish immigrants. She has been caught running interference for Israel during the AIPAC scandal. She is big on terrorism and did in fact support Bush on the WOT. On social issues she is a disaster, but given she represents LA, she is probably the best you are going to do there. She and hubby live in Venice, CA. Venice is one weird little beach town.


47 posted on 08/02/2010 10:27:58 AM PDT by equalitybeforethelaw
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To: jimbo123
Three of my favorite Newsweak cover stories (paraphrased):
1. Nurture versus Nature: Scientists Recognize Differences between Males and Females.
2. Population Growth to Cause World Wide Starvation;
3. The Next Ice Age.

Sure there are many more, but the above were just laughable, even back in the '70's when I was young and clueless, especially that scientists had discovered there are inherent differences between the sexes. My wife and I looked at each other in amazement while raising our young son and daughter.

48 posted on 08/02/2010 10:28:58 AM PDT by A Navy Vet ( An Oath Is Forever.)
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To: jimbo123

Personally, I hope Newsweak is passed around from liberal to liberal, costing each of them a hundred million dollars before moving on to the next sucker. That represents money burning a hole in their pockets anyway, that otherwise could have been spent making more trouble for the public, and undermining the country.


49 posted on 08/02/2010 10:29:34 AM PDT by yefragetuwrabrumuy
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To: jimbo123

Shame on The Washington Post Company for stealing a dollar from a 91 year old.


50 posted on 08/02/2010 10:33:00 AM PDT by Berlin_Freeper (posted a total of 0 threads and 0 replies.)
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