Sidney Harman Buys Newsweek

UPDATE, 5:20 PM: The Washington Post Co. has now officially announced the sale of Newsweek to Sidney Harman.

In a press release, both Post Co. Chairman Donald Graham and Harman himself stressed that no major changes would be coming. Graham said Harman “has pledged not only to continue to produce a lively, compelling and first-rate news magazine, but also an equally dynamic Newsweek.com – and he intends to keep a majority of Newsweek’s very talented staff.”

Editor Jon Meacham also confirmed he will step down when the sale is complete.

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