Newsweek sells for $1

You may have seen that the husband of Rep. Jane Harmon (the liberal California Democrat) bought Newsweek for $1.

The Washington Post Company, which owned Newsweek, apparently rebuffed higher offers from Newsmax Media, stating that it felt Newsmax was "too Conservative," which ostensibly implies that they were seeking a more objective, balanced owner. (I guess?)

I don't fault them for the decision (it's their prerogative to sell to whomever they want for whatever reason they want), but if I'm correct, it's funny that their idea of balanced is to sell to the husband of a liberal California congresswoman...

Jon Meacham is apparently out as editor as well (though he was planning on leaving anyway, I believe)