Wednesday, April 13, 2011

Newsweek owner Sidney Harman dies of acute myeloid leukemia at the young age of almost 93

Just months after rescuing flailing Newsweek from financial collapse, owner Sidney Harmon, who made a fortune as a pioneer in audio speaker business, has died according to The Daily Beast, which merged with the magazine earlier this year. His death once again puts Newsweek’s future into question.

In 1953 Harman co-founded of what is now called Harman International Industries, maker of high-end audio components. Its brands have included Harman-Kardon and JBL. In 1976 he sold the company when he became deputy secretary of commerce under President Jimmy Carter, then bought it back in 1980.
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