Washington Post (WPO +3.2%) confirms it's selling Newsweek to Dr. Sidney Harman, founder of...

|By:, SA News Editor

Washington Post (WPO +3.2%) confirms it's selling Newsweek to Dr. Sidney Harman, founder of Harman International (HAR +5.8%). Terms were not released, but Harman has agreed to keep most of the staff, while WPO will retain the pension assets and liabilities.