Why Newsweek has been sold (and how it will become stronger)

The Washington Post Co. said Thursday it has closed its sale of Newsweek magazine to Harman Newsweek LLC, led by pioneer of the high-fidelity industry Sidney Harman. During the last months Newsweek’s financial situation has been often described by media as disastrous, leaving few hopes for Harman to keep the magazine alive without selling Newsweek’s soul and replace the most prominent staffers who began jumping ship after the announcement the magazine was up for sale.