Newsweek Sold To Harman International. Newsweek gets you smarter, faster about what matters most now in politics, business, environment, tech, culture, world, and health ideas, news, and trends. Newsweek, the 77-year-old news magazine venerated the world over, has been sold by owner The Washington Post Co. to stereo magnate Sidney Harman, founder of Harman International Industries Inc. Harman has assured that most of the 350 Newsweek employees will be retained, while the weekly would be given enough time to recover from its losses. The Washington Post Co., announcing Monday that it had signed a contract with the audio tycoon, brought to an end the Post’s half-century-old ownership of Newsweek. Editor Jon Meacham has decided to leave the company and there is yet no decision as to who will succeed him. Until someone is hired, Tom Ascheim, Newsweek’s chief executive officer, will look after editorial responsibilities. In a statement, Harman called Newsweek “a national treasure,” while expressing his “enormous pleasure” at “succeeding The Washington Post Co. and the Graham family and looking forward to this great journalistic, business, and technological challenge.” Harman won the bid for Newsweek from among bidders such as Fred Drasner, ex-publisher of the New York Daily News; hedge fund Avenue Capital Group and OpenGate Capital, owners of TV Guide. Although terms of the deal were not disclosed immediately, it was reported that the Washington Post Co. was going to keep Newsweek’s pension assets, liabilities and some of the employee obligations. It was about 50 years ago that the Post bought the magazine, however dropping circulation figures forced the newspaper publisher to shed the magazine from its various publications. Circulation figures of Newsweek have declined from 3 million to 1.9 million in the past two decades. Moreover, the magazine could clearly be seen struggling against the onslaught of electronic and social media. Newsweek was founded in 1933 and has been suffering regular losses over the past few years. The magazine lost about $11 million during the first quarter of this year. According to newspaper reports, Harman is considering revamping the newsweekly and is expected to look at ideas such as including investigative as well as entrepreneurial journalism into the coverage areas of the magazine.
Men with constant scruff will love the Braun Mobile Shaver. This incognito shaver was designed by Sylvain Gerber for men who need to shave everywhere and at all times.
The Braun Mobile Shaver is great for those times when you are out and about and realized that you missed a spot or two. The shaver is designed to look like a cell phone so that you don’t look that weird if someone sees you with it.
They are thrilled to announce that they will be touring through Europe with The Blackout (UK). This will be Destine’s very first nightliner tour and this is something they have always dreamed of. Go to see them. These are the tourdates:
Dec 2 Esch-Sur-Alzette, Luxembourg
Dec 3 Paris, France
Dec 4 Koln, Germany
Dec 5 Berlin, Germany
Dec 7 Hamburg, Germany
Dec 9 Munich, Germany
Dec 11 Chemitz, Germany
Dec 12 Stuttgart, Germany
Dec 13 Prague, Czech Republic
Dec 15 Vienna, Austria
Dec 16 Zurich, Switzerland More info http://www.destine.nl
The lead track ‘Splitting The Atom’ features Robert Del Naja, Grant Marshall and Horace Andy, while TV On The Radio frontman Tunde Adebimpe guests on ‘Pray For Rain’. The EP also has remixes of two new tracks. ‘Psyche’ featuring Martina Continue reading →
The 82-year-old, whose career spans over 60 years, keeps making films, but is not happy about the current state of the movie industry. She explains, “I have too much energy to stop working and I don’t believe in retirement.” Bacall says making films “means to me mostly…staying alive.” THE BIG SLEEP star blames television for dragging down the standard of films saying, “I think there are still people who really want to do good work. “Unfortunately, in television, sometimes they want to do good work but a lot of the time they’re doing terrible work and I think that has affected moviemaking badly.” She adds, “At the end of every movie, always I’m feeling, Continue reading →