Update: Newsweek.com has announced Meacham’s departure from Newsweek:
“It has been a privilege beyond measure to have worked for NEWSWEEK and for The Washington Post Company for the past 15 years. I will always be grateful for the opportunity the magazine gave me to serve alongside all of you,” he wrote the staff in an e-mail this afternoon. “For half a century the Graham family created and sustained a culture in which we were able to do good, important work, and I know NEWSWEEK will continue to do so.
“This summer I decided that the change in ownership was a natural occasion for me to move on, and I told Don and Ann [McDaniel, Managing Director of NEWSWEEK] that I would see the magazine through the sale and then explore what may be next for me. I wish Mr. Harman and his team all the success in the world. As I have told him, no one will be rooting for him, for you, and for the institution more than I will. The journalism you create matters to the country and to the world, perhaps now more than ever.”
Newsweek.com also said that no successor has yet been selected, and that Newsweek CEO Tom Ascheim is expected to remain with the company.
Citing “a source close to the situation,” Kelly writes:
“Meacham has told [Harman] he should look for a new editor and is ready to leave when one is found,” said a source close to the situation.
Newsweek CEO Tom Aschiem, who hatched the failed plan to re-invent the newsweekly, is likely to stay on board, the source said.
Allen, for Politico, says “sources inside the company” told him Meacham is out, and that the editor “had been planning to leave no matter who bought the magazine, the sources said.” More on Meacham’s rumored departure here.