HOW THIS ALL WENT DOWN
Remember that time Newsweek magazine was put up for sale by The Washington Post and then “saved” by then-91-year-old stereo magnate Sidney Harman (of the wonderful line of audio/visual products Harman + Kardon)? Well, less than two years ago, that actually happened. Now, that era is over, as the Harman family is done investing in Newsweek. As a result, IAC is now a majority owner, with a print publication on its books. How, exactly, did any of this happen in the first place?
We wonder if apartment 8C at 25 East 86th Street also comes with Pulitzer Prize-winning power? Well, at the very least we know that the three-bedroom co-op, owned by Random House executive and former Newsweek editor Jon Meacham and wife Margaret comes with a lot of built-in bookshelves. (One must store research materials and extra copies of one’s presidential biographies somewhere, right?).
The apartment has just sold to Nancy Han (we wonder if it’s the ABC News Executive Producer Nancy Han? From one newshound to the next?) for $2.85 million.
Editors At Large
In the aftermath of Osama bin Laden’s death, publishers have clamored to sign deals about the event. Former Newsweek chief Jon Meacham is editing an e-book essay collection called “Beyond Bin Laden” for Random House. Peter Bergen has been signed by Crown to write the “definitive” book, tentatively called The Manhunt. One publisher, however, is Read More
In 1975, Jacqueline Kennedy Onassis, widowed for the second time, was confronting the long and desolate road of leisure that unfurled bleakly before her. She decided to dabble in work. According to a recently published history, Jackie as Editor, by Greg Lawrence, a friend in the publishing business told her she might be able to Read More
With the search for Newsweek‘s editor-savior still lacking a concrete shortlist, there’s no harm in asking any media titan — regardless of their distance from the debacle — about their thoughts on who should helm the struggling magazine. So we were delighted that Daily Intel chatted up Vanity Fair chieftain Graydon Carter at Read More
Jon Meacham, who left Newsweek’s editorship as Sidney Harmon completed his purchase of the magazine, has landed on his feet at Random House, The New York Times reports from the publisher’s announcement. Taking on the dual roles of executive vice president and executive editor, Meacham will acquire and edit the highest-profile non-fiction titles Read More
And here’s the latest blow to NewsweeK: Fareed Zakaria is packing his bags and heading over to Time. He represents yet another high profile departue from the magazine, and this move must cement the feeling to the old guard at Newsweek that their era really is over. Mr. Zakaria isn’t going into academica (Evan Thomas is doing that), Read More
Jon Meacham resigned as the editor of Newsweek today, as Sidney Harman’s deal to buy the magazine from The Washington Post Company closed, according to announcement on the magazine’s website.
Mr. Meacham oversaw a big experiment in the Newsweek redesign last year, and, simply, it did not succeed. When Newsweek went on Read More
David Carr is not high on Newsweek‘s prospects for finding many potential suitors.
He reports that Thomson Reutuers, which took an early look at buying the magazine, is no longer interested. He said that parlor game favorites like The Huffington Post and The Daily Beast are also not interested.
He did find one Read More
PaidContent has gotten hold of a Newsweek sales book from Allen & Co.
In The Washington Post Co.’s vision of what a deal would look like, the Post would retain liability of all employee benefits, including retirement and “certain severance obligations.” The company wouldn’t be surprised if a new owner decided to Read More