Media

Newsweek Nervous After Sale

Newsweek’s staff is relieved that the magazine, which The Washington Post put on sale months ago, has been bought by businessman Sidney Harman. But Business Insider says they’re nervous, too, as Harman has indicated he wants to hold on to about 250 of Newsweek’s 325 employees. Executives told staffers they’d get more details about who’s getting fired in three to six weeks. Editor-in-Chief Jon Meacham resigned yesterday, but the new editor won’t be announced for up to 60 days. Harman addressed the staff for the first time yesterday; one staffer found him “charming and complimentary.” Many vacant positions remain unfilled, and temps have been hired to help out.