Newsweek Sold to IBT Media
IBT Media, publishers of the International Business Times, are your new Newsweek owners. IBT is a digital-only company, so Newsweek will continue as it has since the print edition was folded. Financial terms of the deal were not disclosed.
In 2010, Sidney Harman purchased Newsweek from The Washington Post Company. Harman then entered into a partnership with Barry Diller and IAC. Tina Brown — editor of Newsweek and The Daily Beast — tried her best, but aside from generating some catchy/creepy covers, Newsweek continued to flounder.
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