USA TYCOON BUYS NEWSWEEK FROM WASHINGTON POST GROUP
he 91-year old American tycoon Sidney Hartman purchased Newsweek from the Washington Post’s editorial group. Founded in 1933 and owned by the Washington Post since 1961, the magazine is an institution of American printed media. However, just like its major competitor Time magazine, which is owned by Time Warner, it has been deeply affected by the nosedive in advertising and the spread of the Internet. .