As the Washington Post Company prepares to sell Newsweek to the most appealing bidder, it is closely examining an offer from Sidney Harman, the California billionaire who made his fortune selling audio equipment.

According to three people with knowledge of the bidding process, at least two other parties remain in the mix: Fred Drasner, who was a part owner of the Washington Redskins and a publisher of The Daily News of New York, and Marc Lasry, a hedge fund owner and major Democratic Party donor.

At the moment, Mr. Harman’s offer seems likely to appeal most to the Washington Post’s chairman, Donald E. Graham, and the company’s board because it proposes to keep the vast majority of Newsweek’s 325 employees in their jobs, including the magazine’s top management and editors, these people said.

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