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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Mother drives minivan into river with kids 3:07pm EDT U.S. plans new push on Arab-Israeli peace: Clinton 12 Apr 2011 J.Lo named People's most beautiful woman 3:46pm EDT Obama sets goal on deficit cuts, rips Republicans | 4:27pm EDT Atop new poll, Trump slams China, OPEC and Obama 12 Apr 2011 Discussed 151 China tells U.S. to quit as human rights judge 140 Reid says Republicans want shutdown to close clinics 117 Obama, Congress struggle to find budget deal Watched South Korean "super gun" packs hi-tech killing power Mon, Feb 14 2011 Argentine models bare it all Thu, Apr 7 2011 Mini-dress drama in Brazil Tue, Nov 10 2009 Newsweek owner Sidney Harman is dead at 92 Tweet Share this By Jennifer Saba NEW YORK (Reuters) - Sidney Harman, the stereo magnate who shocked the media world when he bought Newsweek magazine for $1, died on Tuesday from complications of acute myeloid leukemia, his family said. He was 92. Harman, who made... Email Print Jane Harman and her husband Sidney pose for photographers as they arrive on the red carpet of the Kennedy Center for the Performing Arts, for the evening's gala to honor the 2009 Kennedy Center Honorees, in Washington, December 6, 2009. Credit: Reuters/Mike Theiler Related News REFILE-Newsweek owner Sidney Harman is dead at 92 11:50am EDT German rich list survives court privacy challenge Fri, Apr 8 2011 Publisher Conde Nast falls into $8 million email trap Mon, Apr 4 2011 Al Qaeda members hide in Brazil, raise money: report Sat, Apr 2 2011 California sets special election for House seat Mon, Mar 14 2011 Analysis & Opinion Counterparties How SecondMarket works Related Topics U.S. » Entertainment » Fashion » Stocks By Jennifer Saba NEW YORK | Wed Apr 13, 2011 12:31pm EDT NEW YORK (Reuters) - Sidney Harman, the stereo magnate who shocked the media world when he bought Newsweek magazine for $1, died on Tuesday from complications of acute myeloid leukemia, his family said. He was 92. Harman, who made his fortune selling stereo equipment at the company he founded, Harman Kardon, was actively involved in politics, academia, philanthropy, and as of August of last year, magazine publishing. Harman Kardon brought the "hi-fi" sound to the masses in the late 1950s -- a sound once only available to professional studios. The stereos were a huge hit, comparable to today's iPod, according to a tribute to Harman on the Daily Beast website. But it was his latest foray into magazine publishing that caught the attention of media observers. Harman swooped in and bought the money-losing Newsweek magazine from the Washington Post Co after its Chief Executive Donald Graham put the 78-year-old publication, which it owned since 1963, up for sale. "I think it is conceit for me to offer you or anybody including my comrades at Newsweek a fully articulated vision," Harman said in a phone interview with Reuters after he purchased Newsweek in August. "The role of Newsweek ought to be to look at this complicated world and make sense of it every week." A little more than three months later, Harman announced that Newsweek would combine with the website the Daily Beast, co-founded by Tina Brown and backed by IAC/InterActiveCorp>, run by Barry Diller. U.S. Entertainment Fashion Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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