![]() Famous for generating “buzz,” Brown had remade the magazine business in the 1980s and 1990s. Harman-who had taken on what a well-placed source told me was nearly $75 million in liabilities for his $1-needed a turnaround artist.Īnd there she was, perched next to Diller, legs crossed, a perfect tousle in her blond bob: Tina Brown, the legendary former editor of Vanity Fair and the New Yorker. ![]() The once-proud magazine was in a death spiral, having lost more than $70 million in the previous two years, after various failed efforts to save it had only resulted in circulation plunging to half of what it had been a few years earlier, an exodus of marquee writers and a full-fledged identity crisis. A few weeks earlier, Harman had paid $1 to buy Newsweek from the Washington Post Co. Joining Diller in his living room was 92-year-old stereo magnate Sidney Harman. ( Sign up for Politico Magazine's Friday Cover email) ![]()
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