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'''Newsweek'''
Between 2008 and 2012, ''Newsweek'' underwent internal and external contractions designed to shift the magazine's focus and audience while improving its finances. Instead, losses accelerated: revenue dropped 38 percent from 2007 to 2009. The revenue declines prompted an August 2010 sale by owner [[The Washington Post Company]] to 92-year-old audio pioneer [[Sidney Harman]]—for a purchase price of $1.00 and an assumption of the magazine's liabilities.<ref>{{cite news |first=Peter |last=Grove |authorlink= |coauthors= Lloyd Grove |title=How Newsweek Blew It |url=http://www.thedailybeast.com/blogs-and-stories/2010-08-03/newsweek-losses-revealed/ |quote = |publisher=The Daily Beast |date=August 3, 2010 |accessdate=2010-08-03 }}</ref><ref name="nytsale" /> Editor [[Jon Meacham]] left the magazine after the sale.<ref name="nytsale" />
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