Newsweek

Newsweek is a weekly news magazine covering current events and politics in America. Newsweek magazine is published by Newsweek, Inc. and is headquartered in New York, N.Y. It has been published since 1933 and is currently owned by Sidney Harman. Newsweek covers national news and is the second largest weekly news magazine in the United States, behind Time Magazine. Newsweek was founded in 1933 as News-Week by Thomas J.C. Martyn, a former foreign Time magazine editor. At that time, the magazine cost 10 cents a copy and $4 per year. The name changed to Newsweek in 1937 and it merged with Raymond Moley's weekly magazine, Today. Moley was a member of Franklin D. Roosevelt's "Brain Trust" and to distinguish itself from its competition, Time, which had a similar format, Newsweek carved a reputation for itself as being more liberal and serious in tone. It was the first to assign writer by-lines for its editorial columns. The Washington Post Company bought the magazine in 1961 and its liberal publisher, Katharine Graham, continued to set the publication apart from its two main competitors (Time and U.S. News & World Report). Starting in 2008, the company went through massive restructuring and suffered a reported 50 percent in subscriber rate loss in one year and $28 million in revenue in 2009. The magazine was sold to stereo pioneer Sidney Harman, who is husband to California Congresswoman Jane Harman, in August 2010. Newsweek's editor Jon Meacham's resignation from the magazine coincided with the sale. 52 percent of the readership are men and 47 percent are women. The average age of readers is 52 and 88 percent have either attended or graduated from college. The average personal income of its readers is $99,792.In the 1950s, Newsweek became a leader in in-depth reporting of racial diversity and in the 1960s, under then-editor Osborn Elliott, it became a voice for advocacy journalism, where subjective political positions are countebalanced with facts. In August 1976, Newsweek reported that federal investigators had enough evidence to prove that former Teamsters Union boss James Hoffa was strangled to death July 30, 1974, the day he disappeared outside a suburban Detroit restaurant. The article further reported that the murder was planned and executed outside Michigan. In 1998, Newsweek killed a story about White House intern Monica Lewinsky's sexual relationship with President Bill Clinton. The story broke on news aggregate website, the Drudge Report, which reported that Newsweek's reporter, Michael Isikoff, had gathered enough evidence from sources to publish the story and name Lewinsky, when at the last minute the magazine decided to pull it. Newsweek eventually published the story after the Drudge Report made it public. The magazine is reknowned for its investigative war reporting, most recently in Iraq and Afghanistan. Daniel Klaidman is the Managing Editor.

Articles from Vol. 128, No. 6, August 5

Back to Normal: Feeling Queasy on the Stock-Market Roller Coaster? Maybe You've Been Spoiled by the Five-Year Bull,
Feeling queasy on the stock-market roller coaster? Maybe you've been spoiled by the five-year bull. SOME COMPANIES, IT SEEMS, JUST can't do anything right. Take Microsoft, the king of software. Last week, to great anticipation, the House of Windows...
Clinton's Welfare Endgame: Inside the Fight over Saving the Underclass
DON'T BELIEVE EVERYTHING YOU read about the welfare reform the Republican Congress will soon place on President Clinton's desk. According to The Washington Post, the bill "would require most adults on welfare to work within two years." Not quite true....
Days of Wonder
WRESTLING Aleksandr Karelin IF INTIMIDATION WERE AN Olympic event, Aleksandr Karelin would own it. The Russian behemoth stands 6 feet 3, weighs nearly 300 pounds and wrings out men his own size like damp washcloths. Karelin is the long-reigning king...
Grieving at Ground Zero
At the Ramada, rumors, factions and flashes of anger ON THE FIFTH FLOOR of the Ramada Plaza Hotel, the children play: about a dozen or so kids, turned loose in two rooms set aside just for them. A handful can fool around on computer games and CD-ROMs...
Home PCs: When One Box Just Won't Do
With Family Net, the whole house is happily wired REMEMBER WHEN ONE CAR WAS enough for a whole family? Or when you could get by with a single phone or TV? Forget it. For most people that era vanished with black-and-white, and it's getting that way with...
How to Fight AIDS: Dazzling New Drugs Are Not Enough; Prevention Is Still Our Best Weapon
Dazzling new drugs are not enough; prevention is still our best weapon EARLY IN JULY I TOOK PART IN THE 11TH INTERNATIONAL Conference on AIDS. In the past, the mood at these meetings has generally been somber. But as the 15,000 participants from more...
Leap of Faith - Gymnastics: With One Inspiring Vault, the U.S. Women's Team Won a Gold Medal - and an Honored Place in Olympic History
BEFORE THE BOMB, BEFORE THE BOWED HEADS AND THE silent moments, before the Olympic flag billowing at half-mast, there were Bela and Kerri. Many Olympics struggle to find one iconic moment. The Games of Atlanta now have two. The blood is indelible, of...
Manny and Lo
WHEN HOLLYWOOD GOT hold of the concept of women's movies, those of us who had happily been trudging off to non-women's movies for years were left in a quandary. Suddenly we were supposed to want to see films just because women were in them or directed...
Perot's Party Manners
Instead of toppling politics as usual, the obsessive billionaire is acting more like an old-style boss THE DEVIL, ROSS PEROT LIKES TO say, is in the details. So it's not surprising that Dick Lamm finds himself in Reform Party Hell. The former Colorado...
Pool Sharks - Swimming: The Irish Woman Was a Surprise, the American a Record Breaker. Both Smelled Gold in the Water
THEY ARE AN UNLIKELY PAIR OF POOL SHARKS. ONE, an asthmatic who never swims with more than two thirds of her lung capacity. The other, an international sensation at 26, an age when most world-class swimmers have left the pool. Amy Van Dyken of the United...
Psychic Scars
ON A CORNER NEAR THE EMPTY AND WASTE-strewn Centennial Park on Saturday, a lay preacher found a message in the bombing: Repent! Whacking a well-worn Bible, he prophesied doom unless humankind heard, and heeded. Repent! He harangued the passersby with...
Relying on Adrenalin - and Experience
ON FRIDAY NIGHT, after his regular evening newscast, NBC's Tom Brokaw relaxed and took in an Olympic track-and-field event and then went out for a few beers with correspondents and producers. He returned to his hotel, read a bit of a book on Atlanta...
Riddle of the Depths
As divers dodge sharks to solve the mystery of TWA Flight 800, the Feds are trapped between scores of grieving families and an incredibly complex case THE DIVERS CALL IT MAKO CITY, AFTER THE MEDIUMsize sharks that prowl there. In a seabed 130 feet beneath...
Shooting the West
Two exhibitions, a PBS series and several new books look at the shifting myths and hard realities of the American West UPON RETURNING from a two-year pilgrimage to the California desert in the late '30s, the photographer Edward Weston exclaimed, "From...
Terror and ... Triumph: The Dream Turns to Nightmare
IT WAS AN ORDINARY GREEN KNAPSACK, LYING ON the ground at a rock concert. At almost any other time or place in America, anyone who saw it would probably think: gee, what kind of stupid kid leaves his pack lying around like that? But not in Atlanta last...
The Feds' Anguished Man in the Middle
An old `second-story man' on the trail of Flight 800 THE NEWS WAS ONLY getting worse. FBI Assistant Director James Kallstrom was rushing to the office to begin work on the TWA crash when his pager went off. As the head of the bureau's New York office,...
Walking and Talking
WHEN HOLLYWOOD GOT hold of the concept of women's movies, those of us who had happily been trudging off to non-women's movies for years were left in a quandary. Suddenly we were supposed to want to see films just because women were in them or directed...
What Price Is Right: When a Superstar Fund Manager Cashes in His Chips, You Have to Decide Whether to Do So, Too
When a superstar fund manager cashes in his chips, you have to decide whether to do so, too INVESTING OUR MONEY WITH MIchael Price, the superstar mutual-fund manager, has always been like handing Michael Jordan the ball in the fourth quarter of a hard-fought...
'You Saw the Blood and Knew It Was a Bomb.'(account of Pipe Bomb Explosion in Centennial Olympic Park, Atlanta, GA)(Cover Story)
IT WAS SHORTLY AFTER 1 a.m. and downtown Atlanta was jammed with happy revelers enjoying the free rock concerts around Centennial Olympic Park. Jack Mack and the Heart Attack, a rock band from Denver, were onstage at the AT&T Pavilion, while across...