Newsweek Magazine News
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Barry Diller, the billionaire chairman of IAC/InterActiveCorp, said he regrets buying Newsweek magazine, which he merged with the Daily Beast website in 2010.
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Ritchie Capital Management LLC Chief Executive Officer Thane Ritchie , who sought to buy Sun-Times Media Group Inc. last year, said he is considering bidding on Newsweek magazine.
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Washington Post Co. is exploring a sale of Newsweek magazine, the money-losing publication it has owned since 1961, as readers defect to Internet competitors.
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Sidney Harman , the founder of Harman International Industries Inc. , agreed to buy Newsweek magazine from Washington Post Co. , ending a three-month bidding process for the money-losing publication.
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Axel Springer AG, Europe’s largest publisher of newspapers, said it will shut its Russian Newsweek magazine “with respect to economic reasons.”
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Ritchie Capital Management LLC Chief Executive Officer Thane Ritchie and private-equity firm OpenGate Capital LLC both said yesterday they are considering offers for Newsweek magazine as the first deadline for bidders approaches.
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Barry Diller ’s Daily Beast news website will combine with Newsweek magazine in a joint venture to be owned equally by IAC/InterActiveCorp and Sidney Harman .
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Newsweek/Daily Beast Co., the media company founded by Tina Brown and backed by billionaire Barry Diller, is considering charging readers for access to its Daily Beast website for the first time.
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The Washington Post Co. said it has retained Allen & Co. to explore the possible sale of Newsweek magazine.
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Sidney Harman , whose Harman Kardon brand became synonymous with high-quality audio equipment and who became a top philanthropist in the U.S. capital and, late in life, the owner of Newsweek magazine, has died. He was 92.
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