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It’s Official: Harman Buys Newsweek

8/03/2010 10:12:00 AM

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:

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.

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