Sidney Harman may have been picked because he wanted to keep more of Newsweek's roughly 350 staff members than the other suitors did, but that doesn't mean all jobs are safe.
Business Insider's Joe Pompeo talked to some Newsweek staffers soon after the deal was announced:
The tone inside the newsroom, meanwhile, is a mix of relief and anxiety. Harman is seen as a more suitable owner than other finalists, like the hedge fund Avenue Capital, which was knocked out of the running because of its stake in National Enquirer publisher American Media Inc. (AMI), and Fred Drasner, who was reportedly uninterested in "maintaining a huge editorial infrastructure."
But the uncertainty lingers.
"There's a little bit of a sense of relief, but now people have to wait another three to six weeks to know if they'll be offered a job with the new employer, and even longer to find out who the new editor will be," one insider said.
"The notion that lots of people are going to stay is a bit misleading," said another. "More people who currently work at Newsweek will have jobs in this scenario than in the AMI scenario, but I don't think there's a huge collective sigh of relief."
Frankly I think they should ALL be fired.
Newsweek is losing $45 million this year alone.
It has lost money every year since 2007.
It is an absolutely unreadable publication (other than Isikoff) that parrots Village culture and points of view with little to help it stand out from other Village entities.
It isn't going to turnaround under Harmon any more than it did under Kaplan Test Prep.
Time to pull the plug and send Jonathan Alter, Evan Thomas and all the other ed deformers to the unemployment line.
Or maybe the rubber room for journalists.