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. 130, No. 14, October 6

A Challenge to Change; We as Black Americans Must Not Forget the Past, but Negative Attitudes Will Only Cloud Our Future
We as black Americans must not forget the past, but negative attitudes will only cloud our future ON OCT. 1, I WILL GIVE A SPEECH AT SHEPHERD College at Shepherdstown, W.Va. It will be for me a commemoration of an important event: the 35th anniversary...
A Committment to Making a Difference
CONVENTIONAL WISDOM WATCH, our weekly satirical compendium of reaction to major people and events in the news, has long been one of NEWSWEEK'S most popular features. For 10 weeks last spring, it shared the pages of our PERISCOPE section with a companion...
A Kublai Con Job? the Dubious Diary of a Proto-Marco Polo
The dubious diary of a proto-Marco Polo FOR A GOOD TIME IN THE LATE 13TH century, you couldn't beat the Chinese port city of Zaitun. A bustling southern metropolis of more than a million people, Zaitun was the most cosmopolitan town in the wealthiest...
A Price on Their Heads
Britain hopes 'blood money' will save the lives of two nurses accused of a brutal murder in Saudi Arabia AS USUAL, THE TWO british nurses had a small radio tuned to the BBC World Service. It was one of the scant comforts allowed Lucille McLauchlan...
Behind the IRS Curtain
The Senate hears tales of tax terror, but much of the blame lies with those sitting in judgment on Capitol Hill. So don't hold your breath waiting for real reform. IT WAS, AS THEATER, REMINISCENT OF those great old mob trials-back when the mob...
Be like Mike? Bo, Missy
Rapping or writing, Elliot is the hottest MISSY ELLIOT IS HAVING HER HAIR done. Sitting in the New York City hotel room that has been her home for months now, Elliot suppresses a yawn while her hairdresser sculpts her just-washed hair into glossy...
Bitter Pill: Thalidomide Is Coming Back; Will It Be Safer This Time?
Thalidomide is coming back; will it be safer this time? FIVE YEARS AGO VICKI WALTON was living like Job. The 80-year-old Wyoming woman suffers from Behcet's disease, an autoimmune condition that inflames the joints and ulcerates the skin, eyes and...
Bonding Business: The '7 Habits' Guru Brings Them Home
The '7 Habits' guru brings them home IT'S 7 P.M. AND STEPHEN COVEY WANTS to know why you're still at work. "I can't believe you're there," he says, his voice thick with concern. "It's late. Do you have a family?" This line of questioning is not...
Boogie Nights
A young director makes an enthralling and unlikely epic EVERYONE'S BLESSED WITH ONE special thing," boasts 17-year-old busboy Eddie Adams (Mark Wahlberg) from Torrance, Calif. Eddie, who will rename himself Dirk Diggler and become a shining star...
Can Keith Fly Solo? This Week, Olbermann Gets His Own Big Show
This week, Olbermann gets his own big show EVER THE WISE GUY, KEITH olbermann will tell you he's really taken his new job with all-news MSNBC to be closer to the bright lights of the big city. Up until last June, he may have reigned as the nation's...
Dylan Revisited
Bob Dylan has reinvented himself all his life. Now he's back from a near-fatal illness and a near-terminal career slump with his best record in years. How does it feel? We asked him. He told us. AS YOU SIT ACROSS FROM HIM, HIS FACE KEEPS CHANGING....
Here's to You, Mrs. R.: Ireland's Ex-President Takes on Global Thugs
Ireland's ex-president takes on global thugs WHEN THE WORLD'S TOP COP for human rights met with the Chinese foreign minister in New York last week, what did they discuss? Potatoes. Or the lack of them, during the Irish potato famine 150 years ago....
Hey, Mac! No Smoking! Natural Gas Gets a Test Drive in Big Apple Taxis
Natural gas gets a test drive in Big Apple taxis WHEN PABLO OCAMPO, A VETERAN New York City cabdriver, traded in his old yellow taxi for a new one last year, he joined the ranks of the motor-vehicle vanguard. After reading an article extolling natural-gas...
His Happy Light Is On: Sandy Weill Creates a New Wall Street Titan
Sandy Weill creates a new Wall Street titan SANFORD (JUST CALL ME SANDY) Weill doesn't go for the bland McCorporate look. His office is full of stuff. There's a photo of the two-family house in Brooklyn, N.Y., in which he grew up, another of him...
Lolita
So how is it? A first look at the controversial film. AT LAST, LOLITA IS HERE. WELL, NOT exactly. Italy, to be precise, then Spain, Germany, France, Britain. And a screening room in New York, where I was the first critic in the United States to...
Marv Goes to the Showers
A sports icon pleads guilty in a bizarre sex case THE LOVED TO TRAVEL. AS THE VOICE of the New York Knicks and NBC's play-by-play man on basketball, football and boxing, Mary Albert lived on the road. "I'd Love to But I Have a Game" is the title...
Operating Theater: 'ER' Live Survives
MINUTES BEFORE NBC'S second live broadcast of "ER" last Thursday night--the one shown on the West Coast--things got tense. Technical glitch? No. Actor blanking on his lines? Nope. Steven Spielberg, one of the show's founding producers, was making a...
Reality Check
A movie dramatizes the real-life baffle to keep terrorists from getting the ultimate weapon IF EVERYONE HAS 15 MINUTES OF fame, Jessica Stern says, "I rather hope I'm on minute 13 of mine." Stern is an intensely serious, 39-year-old academic. She...
Searching for El Nino
The 'weather event' of the century has started to boil out of the Pacific. Like Elvis, portents are being seen everywhere. ARIZONANS BELIEVED THEY had a sighting last week, as the winds and rains of Hurricane Nora that had been pounding Mexico slammed...
Sometimes the Gods Have Feet of Clay: Investment Icon Buffett Blew It at Salomon
Investment icon Buffett blew it at Salomon EVEN WARREN BUFFETT, THE world's most successful investor, can't win them all. Consider, if you will, last week s announcement of a $9 billion takeover of Salomon Brothers, the giant investment-banking...
Take a Step in the Right Direction: A Guide to Managing Your Money
We all live in a world that is pretty overwhelming. Especially when it comes to personal finances. Fact is, it costs a lot of money to cover even basic living expenses: mortgage or rent, car payments, insurance and food. Sometimes, the size of these...
Talkin' MTV Generation Blues: Dylan Has a Complicated Relationship with Younger Listeners
Dylan has a complicated relationship with younger listeners. Sure, he saved the '60s. What's he done for kids lately? OF ALL THE STARS IN THE classic-rock sky, Bob Dylan may be the toughest for kids to love. Neil Young? He understands kids--he toured...
Telecommunications for the New Millennium
Figuring out exactly where the rapidly changing telecommunications industry is headed makes most observers feel like poor Alice.in Wonderland--running as fast as she could just to stay in the same place. Does the future of telecommunications consist...
The Beltway Bank Shot
Down on the IRS? You're right to be, but don't forget an even worse scandal: political cash. YOU KNOW THE OLD LINE THAT THE only sure things, in life are death and taxes? Maybe it s time to add another certainty: money in politics. Oh, and one other...
The Edge
A no-tech thriller in the Alaskan wilderness AFTER A FREAK PLANE CRASH, TWO men are left stranded in the freezing Alaskan wilderness without food, warm clothes or even a compass. One of these men, Charles Morse (Anthony Hopkins), happens to be an...
The Hollow Proceedings; concerning the Current Political Hearings, There Is No Moral or Ethical 'There' There
Concerning the current political hearings, there is no moral or ethical 'there' there YOU LOOK AROUND AT THE INCOHERENT AND UTTERLY unsatisfactory picture of scandal-ridden Washington at the moment, and you realize that we may finally have reaped...
The JFK-Marilyn Hoax
It was a sizzling scoop--a famous reporter finds a secret stash of papers linking Kennedy, Monroe and the mob. One problem: the documents were fakes. IT WAS AN INVESTIGATIVE reporter's dream come true: a trove of documents apparently marked up with...
The Taxman Cometh; What Could Get You Audited - and What to Do If You Get the Dreaded Notice from the IRS
What could get you audited and what to do if you get the dreaded notice from the IRS. HAVE ALL THE internal Revenue Service horror stories got you scared? Calm down. With Congress cutting IRS budgets, your chances of getting audited keep falling....
Why Johnny Stayed Home: On Test Days, Some Schools Encourage Absences
On test days, some schools encourage absences SCHOOL HASN'T BEEN EASY FOR 12-year-old Matthew Teague of Seven Valleys, Pa. Like more than 10 percent of all U.S. students, he's classified as disabled and he's behind his classmates in reading and...
Will Athletic Records Ever Stop Tumbling?
IN 1919, AFTER BASEBALL DEITY Babe Ruth set a single-season record by slamming his 29th home run, his manager, Edward Barrow, declared the mark "far and away out of reach of any other player the game is likely to develop." By the mid-1920s, top big-league...