Dr. Sidney Harman, the founder and chairman emeritus of audio and electronics company Harman International who bought Newsweek magazine and then sold it to IAC (NSDQ: IACI) in order to merge it with The Daily Beast, has died at 92, according to an announcement on TDB.

With the final ink barely dry on the merger between Newsweek and The Daily Beast, MSNBC (NSDQ: CMCSA) has been told that it will no longer share web traffic with the print-based publication, Mediaweek reported.

Update: Well, it looks as if the effort to keep Newsweek.com alive has worked. In an early afternoon Tweet, Tina Brown says, “Woah! Newsweek.com’s superb content will live on under its own banner & in URLs on the new site. Not shutting down, combining.” Original post: Once the merger between…

Updated: Newsweek and The Daily Beast will merge after all in a deal forged despite a misunderstanding that stopped earlier negotiations. The news that Daily Beast founding editor Tina Brown will tackle the odd hybrid as her next big thing, fittingly first reported by Nick Summers, a former Newsweek reporter…

Confirming what was widely reported but never publicly acknowledged, a Washington Post (NYSE: WPO) SEC filing shows that billionaire Sidney Harman paid $1 in cash for Newsweek and also assumed about $47 million in liabilities. For those interested, the sale agreement details what Harman did and did not get in…

The Washington Post Company (NYSE: WPO) just sent out a two-sentence press release announcing the closing of the deal to sell Newsweek magazine to audio equipment impresario Sidney Harman. No mention of the terms. Harman reportedly offered $1 and the acceptance of Newsweek’s liabilities, which are estimated to be about…

In its next to last quarter as the owner of Newsweek, the Washington Post Company (NYSE: WPO) isn’t releasing details about the magazine’s performance in Q2, though it did likely improve slightly based on the most recent Publishers Information Bureau figures, which showed ad pages up 2.9 percent. There was…

While Newsweek now has a new owner, most observers are still leaving the magazine for dead. Even the new owner, 91-year-old Sidney Harman, pretty much conceded to the Washington Post that he doesn’t have any grand turnaround plan. But Newsweek may have a window of opportunity to save itself, albeit…

Following the pre-announcement word earlier, now it’s official: The Washington Post Company (NYSE: WPO) sent out the official release confirming that after 50 years of running it, the company has sold Newsweek to Dr. Sidney Harman, the founder and Chairman Emeritus of audio and electronics company Harman International. In its…

As expected, The Washington Post Company (NYSE: WPO) will sell Newsweek to audio equipment impresario Sidney Harman, AdAge reported, and paidContent has confirmed. As we noted last week, the bid from the 91-year-old Harman, the husband of Democratic Congresswoman Jane Harman, had the most appeal to WaPo Chairman Donald Graham…

In its attempts to find a buyer for Newsweek, The Washington Post Company (NYSE: WPO) has been said to have hardly given a thought to bids from entities considered too conservative or too tawdry, but it looks like an offer to buy the magazine from an audio equipment impresario appears…

“Indications of interest” in Newsweek are in and the publication has at least three official suitors. Bloomberg says in a report that OpenGate Capital, Thane Ritchie and Newsmax Media all told the Washington Post Co. (NYSE: WPO) they were interested. Quick overview of the three confirmed interested parties: PE firm…

When the Washington Post Co. (NYSE: WPO) announced that Newsweek was for sale, the top-line numbers we pulled out of SEC documents weren’t new but they were stark. The first-quarter earnings released a couple of days later highlighted the rationale. But, based on the sale book and cover letter sent…

Haim Saban, fresh off of buying back the rights to the Power Rangers characters from Disney (NYSE: DIS), tells the WSJ he would take a “serious look” at acquiring Newsweek magazine. He joins 70 other interested parties who he says have received financial materials regarding the magazine’s sale from Allen…

With the Washington Post Co. (NYSE: WPO) already considering the sale of Newsweek, the first quarter results surely cemented it. While other magazines were showing signs of life, Newsweek continued its steep decline, with revenue dropping 36 percent to $29.4 million driven by a 38 percent loss in ad revenue.…

In the department-of-good-timing department: Newsweek Editor Jon Meacham was already scheduled to be on The Daily Show with Jon Stewart the day plans to sell the magazine were announced. That gave Meacham, who told staffers vaguely Wednesday that he was considering putting a bid together, a chance to pitch Newsweek…

The Washington Post (NYSE: WPO) Co.‘s plan to sell Newsweek isn’t likely to impact its already dismal ad picture, media buyers tell paidContent. Last year, Newsweek’s ad revs fell 37 percent, though this was largely expected after the magazine slashed its rate base twice in the past two years. At…

In the past, whenever Newsweek posted the occasional loss, Don Graham could see a way back to profitability. That wasn’t the case this time around. When the Washington Post Co. (NYSE: WPO) reviewed the magazine’s prospects earlier this year after pulling out the stops on a print and digital redesign,…

Peeking through Washington Post (NYSE: WPO) Company’s 2009 10K is instructive, if you want to know the current state of Newsweek. Or even the future. At minimum, it is going one way: down. Here are some numbers, in excruciating detail: —Newsweek has approximately 427 full-time employees as of Dec 31,…