Newsweek chairman Sydney Harman has died, according to The Daily Beast. He was 93.
The audio entrepreneur bought Newsweek last year (for a $1 purchase plus assumption of $47 million in liabilities) and ended up merging the magazine with The Daily Beast in November, creating a new company called The Newsweek Daily Beast Company.
Harman served as executive chairman, while Daily Beast owner Barry Diller served as director. Tina Brown assumed the role of editor-in-chief for both properties while Stephen Colvin, who served as president of The Daily Beast, became CEO.