August 3, 2010 |
Sidney Harman, founder of Harman International Industries Inc., agreed to buy Newsweek magazine from Washington Post Co., ending a three-month bidding process for the money-losing publication. The terms of the deal weren't disclosed. The sale will not have a material effect on Post, the company said in a statement Monday. Post will retain pension assets and liabilities and certain employee obligations. "In seeking a buyer for Newsweek, we wanted someone who feels as strongly as we do about the importance of quality journalism," Donald E. Graham, chairman and chief executive of Post, said in a statement.
July 7, 2009 |
Before Sarah Palin stepped on the story, the talk of the Beltway was Salongate at the Washington Post. The venerable newspaper hatched a scheme whereby it would hold a series of "salons" at the home of the publisher, Katharine Weymouth, in order to sell lobbyists and corporations access to Obama administration officials and the Post reporters and editors who cover them. "Bring your organization's CEO or executive director literally to the table," read a flier for the first event.
July 3, 2009 |
The Washington Post's publisher abruptly canceled a series of policy dinners Thursday that were to have been underwritten by lobbyists or corporations willing to pay thousands of dollars to be in the same room as journalists and lawmakers, saying the marketing department had misrepresented the newspaper's intent. Lawmakers who had been invited said they were not told the events would make money for the newspaper.
December 22, 2004 |
Microsoft Corp. sold its popular Slate online magazine Tuesday to Washington Post Co., a move that makes Slate's political commentary and quirky feature articles more broadly available across the Internet. Terms of the deal were not disclosed, though Slate editor Jacob Weisberg said the amount was "a very respectable, impressive price." Microsoft has said Slate, with about 6 million readers monthly, breaks even financially but isn't consistently profitable.
September 10, 2004 |
Melinda French Gates, the wife of Microsoft Corp. Chairman Bill Gates, was elected to the board of directors of Washington Post Co., the company said Thursday. The addition of Gates brings the size of the board to 10. The board has several high-profile figures from the business world, including Warren E. Buffett and former Hollywood mogul Barry Diller. Along with her husband, Melinda Gates is co-founder of the Bill and Melinda Gates Foundation, a health and educational charity.
December 12, 2002 |
The New York Times initially spiked two columns that dissented from its editorial stand that Tiger Woods should boycott the Masters. Don Graham, the chairman of the Washington Post Co., which owns the Washington Post, was quoted by the Washingtonian magazine as telling sports editor George Solomon: "I have to remember to tell [Post sports columnist] Mike Wilbon not to disagree with our editorial policy on Iraq."