It’s Official: Harman Buys Newsweek

Looks like yesterday’s blog was accurate: Legendary CE leader and founder of Harman International Sidney Harman has bought Newsweek for $1 and will assume the newsweekly’s liabilities.

Here’s the official statement on Newsweek’s site: http://www.newsweek.com/2010/08/02/the-washington-post-company-agrees-to-sell-newsweek-to-sidney-harman.html

Harman, 91, retired from Harman International in 2008, a company that he founded in 1953. Among his many honors is that Harman was part of the inaugural class of the Consumer Electronics Hall of Fame in 2000.