newspaper lamp shade 248.88.
(photo credit: )
Newsweek was sold to a Jewish businessman and philanthropist,
while a corporation comprised of Jews active in the area community has bought
the Washington Jewish Week.
Sidney Harman, 91, will buy Newsweek from the
Washington Post Company, it was announced on earlier this week. Bidding on the
weekly magazine had lasted two months.
Harman paid $1 and will accept
Newsweek’s liabilities of approximately $71 million.
Chairman Donald Graham reportedly chose Harman, the founder of audio equipment
company Harman Industries and husband of US Rep. Jane Harman (D-California),
among several bidders because he is expected to leave Newsweek’s essential
character unchanged and retain the highest number of staff members.
the Washington Jewish Week, the WJW Group, LLC, owned by David Butler, Allan
Fox, Michael Gelman, Stuart Kurlander and Louis Mayberg, took over on
Craig Burke, previous publisher of the Washington Jewish Week,
was hired as chief operating officer.
HarborPoint Media sold the paper
for unstated reasons, according to editor Debra Rubin. The company owns three
community newspapers in Florida.
Butler and Gelman are past presidents of
the Jewish Federation of Greater Washington.
Gelman is chairman of the
executive committee of the Jewish Federations of North America. His wife, Susie,
is president of the Jewish Federation of Greater Washington; Kurlander is vice
president in charge of campaigns.
The new group will try to improve the
paper and wants it to “be a newspaper, not a newsletter,” Rubin said. “We’re
focused on doing our job the best we can.”