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The Washington Post Company announced on May 5, 2010 that it is putting ''Newsweek'' up for sale because the company can foresee no path to profitability for the money-losing magazine. The Post's magazine group, of which Newsweek is the biggest piece, lost $29.3 million in 2009 after losing $16.1 million the previous year.<ref>[http://www.washingtonpost.com/wp-dyn/content/article/2010/05/05/AR2010050502285.html Washington Post Co. puts Newsweek magazine up for sale]</ref>
The Washington Post Company announced on May 5, 2010 that it is putting ''Newsweek'' up for sale because the company can foresee no path to profitability for the money-losing magazine. The Post's magazine group, of which Newsweek is the biggest piece, lost $29.3 million in 2009 after losing $16.1 million the previous year.<ref>[http://www.washingtonpost.com/wp-dyn/content/article/2010/05/05/AR2010050502285.html Washington Post Co. puts Newsweek magazine up for sale]</ref>
August 2010, Newsweek was sold to the Harmann family for $1. <ref>[http://americanfreepress.net/html/newsweek_magazine_sold_232.html Influential Newsweek Magazine Sold for $1 To CFR’s Super-Rich, Pro-Israel Harman Couple, August 16, 2010]</ref> In July 2012, investor Barry Diller claims that Newsweek will eventually transition to an online only publication. <ref>[http://www.newsmax.com/Newsfront/newsweek-magazine-print-only/2012/07/25/id/446516?s=al&promo_code=F900-1 Newsweek Magazine To End Print Edition, NewsMax, July 25, 2012]</ref>
==See Also==
==See Also==