Will Newsweek Survive?

The recent sale of Newsweek magazine for $1 (along with much debt) to Sidney Harman certainly does not seem to bode well for the future of the weekly news magazine. The sale of the magazine, along with the painful selecting of an editor and the behind the scene drama between Harman and Barry Diller is the focus of New York Magazine‘s article Newsboy.  Writer Steve Fishman does a great job dissecting the deal and leaves us wondering the long term prognosis for the magazine and whether it is to regain its former glory or be a vanity project of a 92 year old tycoon.

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