NEW YORK (
chairman Sidney Harman died at age 92 on Tuesday night. The business mogul died in Washington from leukemia,
In August 2010,
Harman, also the founder of audio and video equipment company Harman International (HAR) , bought Newsweek
The Washington Post
magazine was founded in 1933, and was purchased by the Post in 1961.
is a national treasure," Harman said at the time. "I am enormously pleased to be succeeding The Washington Post Company and the Graham family and look forward to this great journalistic, business and technological challenge."
After a few months of negotiations,
The two news outlets agreed that the joint venture would be equally owned by Harman and Barry Diller, CEO of
Tina Brown, co-founder and editor in chief of
, became the new editor in chief at
magazine, and Stephen Colvin became the CEO of the joint company.
future is "once again in doubt,"
Last year, Harman said that his family was interested in continuing to own and run
, according to
But now reports speculate on the future of
without Harman and whether his family members will show the same level of commitment to the magazine.
--Written by Theresa McCabe in Boston.
>To contact the writer of this article, click here:
>To follow the writer on Twitter, go to
>To submit a news tip, send an email to:
Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.