Washington – Sidney Harman, the audio equipment entrepreneur
who in the past eight months acquired Newsweek magazine and merged it with
online news site The Daily Beast, died Tuesday night in D.C. from complications
related to leukemia.
He was 92. According to a statement from his family,
Harman, the executive chairman of Newsweek, first learned of his illness only a
month ago, and was surrounded by his wife and children at the time of his
Memorial services will be scheduled in both D.C. and Los Angeles at
dates to be determined.
Harman co-founded the predecessor to Harman
International Industries in 1953.
The company, formerly based in D.C., soon
became an audio equipment powerhouse, and Harman in 2000 became one of the 50
original inductees into the Consumer Electronics Hall of Fame.
In August of
last year, Harman then bought troubled Newsweek from The Washington Post for
$1, plus the assumption of debt.
Three months later, in a bid to revive the
fortunes of the iconic publication, he merged the magazine with popular news
site The Daily Beast.
(The Daily Beast)