I saw today the passing of a true legend in our industry.
WASHINGTON (AP) - Audio equipment businessman Sidney Harman, who bought Newsweek magazine last year and oversaw its merger with The Daily Beast, has died in Washington. He was 92.
A family statement posted on The Daily Beast website says Harman died Tuesday night of complications from leukemia. He learned of his illness about a month ago.
The family says he died in Washington, a city he loved and supported. He was surrounded by his wife, former California Rep. Jane Harman, and children.
Harman is the founder of Stamford, Conn.-based Harman International Industries, the parent company of numerous electronics brands.
He was born in Montreal in 1918 and moved with his family to New York. He made his fortune in the 1950s as an audio pioneer. In 1977, he joined President Jimmy Carter's administration.