NEW YORK (Reuters) - Sidney Harman, stereo magnate who shocked the world of the media when he buys Newsweek magazine for $1, died Tuesday of complications from leukemia acute myeloid, said of his family. He was 92.
Harman, who had made fortune, sale of stereo equipment to the company, he founded, Harman Kardon, was actively involved in politics, academia, philanthropy, and as of August last year, magazine publishing.
Harman Kardon introduced the "hi-fi" sound for the masses - towards the end of the 1950s sound at once available for professional studios. The stereo was a huge success, comparable to the iPod of today, according to a tribute to Harman on the website of the daily beast.
But it was his last foray in magazine publishing which attracted the attention of the media observers. Harman made a descent in and buys the deficit Newsweek magazine to the Washington Post co after that its General Director Donald Graham to the publication of 78 years, which it owned since 1963, for the sale.
"I think it is vanity to provide me you or someone including my comrades to Newsweek a fully articulated vision", Harman said in an interview with telephone with Reuters after he bought Newsweek in August. "The role of Newsweek should be to examine this complex world and draw the meaning each week."
A little more than three months later, Harman announced that Newsweek combine with the website of the daily beast, co-founded by Tina Brown and supported by IAC/InterActiveCorp >, run by Barry Diller.
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