Tuesday, August 03, 2010

Newsweek Magazine Bought for $1.00

Hmmm, didn't think it was worth that much...

91-year-old audio magnate, Sidney Harman, purchased Newsweek for $1.00, plus the assumption of liabilities for the magazine.

I guess it was like going to an auction or a garage sale and seeing something you just had to have, the cost being no object.

Gee. I wish I had enough resources to be able to toss money around like that.

1 comment:

Ted Amadeus said...

Talk about a tragic, pathetic waste of a perfectly good dollar!
He'll waste more of them too, because nobody's buying that slanted, leftist rag: That's why it's up to its neck in hock.