Newsweek has been sold to IBT Media, publishers of International Business Times

Poynter reporting:
Earlier today, IAC/InterActive reached a deal to sell Newsweek, which has been publishing since January as a digital-only version of the old magazine, to the owners of the International Business Times. 
The announcement ends weeks of speculation about who might purchase what remains of the 80-year-old journalism brand, which was on the block for the second time in just three years.
Newsweek, the once-venerated weekly newsmagazine that at its height in the early '90s rivaled Time for readers and exercised tremendous influence on Washington politics, fell on hard times under the ownership of The Washington Post Company, and was sold to audio-equipment magnate Sidney Harman for a dollar in late 2010.
Harman subsequently entered a partnership with Washington Post Company board member and IAC chairman Barry Diller to merge Newsweek with IAC's Tina Brown-helmed digital-news company, The Daily Beast, but the merger was viewed as a failure. After Harman's death and the cessation of the print version of Newsweek at the end of 2012, Diller admitted in interviews that it had been a mistake to purchase the magazine and attempt to merge it with The Daily Beast in the first place.
In a private deal, none of the details of which are yet clear, the Newsweek brand is now the property of a digital start-up that has flown under the public radar while rapidly increasing its readership across the internet.
http://capitalnewyork.com/article/media/2013/08/8532532/newsweek-has-been-sold-ibt-media-publishers-international-business-tim