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. 129, No. 20, May 19

A Break in the Case: The FBI Zeroes in on Exactly How China Secretly Funneled Money into American Politics
THE MONEY CAME FROM BEIJING, approved by China's highest governing body: the State Council. In a series of covert 1995 transactions, federal law-enforcement officials tell NEWSWEEK, Beijing channeled nearly $1 million into the United States. Five hundred...
A Deadly Serious Fight
Lives may be at stake in this biotech battle NANCY TULLY WAS AN ATTRACTIVE, outgoing young woman who worked as an X-ray technician by day and studied for her college degree by night. Then she was diagnosed with multiple sclerosis. As the disease...
A Lethal Road Trip: A Gay Socialite Is Suspected of Taking off on a Killing Spree from Minnesota to Chicago to the Northeast
A gay socialite is suspected of taking off on a killing spree from Minnesota to Chicago to the Northeast AT THE BISHOP'S SCHOOL IN THE San Diego suburb of La Jolla, Andrew Cunanan was regarded as way over the top. An openly gay teenager, he would...
A Report from the Front in the War on Predators; Years after Megan's Murder, Her Law Is Still on Trial
Years after Megan's murder, her law is still on trial HE DIDN'T LOOK ESPECIALLY menacing seated in a New Jersey courtroom, his mousy face hidden behind wide spectacles, his hands resting in his lap. But if Jesse Timmendequas's own confession can...
A Time of Long Goodbyes: Hong Kong's Handover to China Has Been Widely Misunderstood. There Won;t Be a Cataclysm, but Freedom Has Been Lost
Hong Kong's to China has been widely misunderstood. There won't be a cataclysm, but freedom has been lost. WHILE THE CHINESE CELEBRATE THE YEAR OF THE OX and other creatures, they have no Year of the Termite. Yet that may be the future of Hong...
Buffetmania: The Buttoned-Down Icon Lures Finance Fans to a Woodstock of Capitalism
The buttoned-down icon lures finance fans to a Woodstock of Capitalism LARRY OBERMAN MUST BE MELLOWING with age. On the morning of last year's annual meeting of Berkshire Hathaway Inc., he arrived at the auditorium by 5, determined to first in line...
Can't Take No Moore
A worried Disney pulls 'G.I. Jane' from its summer lineup, as Demi's star grows dimmer still IN THE FACE OF IT, THE question doesn't seem so complicated that a team of experts would have to puzzle it out. What do three Demi Moore bombs have in common.9...
Celebrity Communion: Are We Creating a Society Where Celebrity Itself Is the Primary Measure of an Individual's Worth?
Are we creating a society where celebrity itself is the primary measure of an individual's worth? A COUPLE OF EVENTS IN THE PAST FEW WEEKS HAVE raised anew the celebrity worry, as in: have our journalists and political leaders and just about everyone...
For Richer or for Poorer
Although the political wedding will finally take place on July 1, the economic marriage actually began years ago. The result: a new superpower of trade. [TABULAR DATA OMITTED] Bullish vs. Bearish HOW DO YOU FEEL ABOUT THE FUTURE OF HONG KONG?...
From Empire to Empire, and Back Again
Hong Kong has come full circle. R was lost to Britain more than 150 years ago. Now it returns to China. In between, its unique culture of survival was shaped by upheaval and revolution on the mainland. JANUARY 26, 1841 British naval Capt. Charles...
Future Schlock
The strange making of 'The Fifth Element' THE FRENCH FILM COMPANY GAUMONT still insists that Luc Besson's $110 million on sci-fi thriller "The Fifth Element is the "Star Wars" of the '90s. In fact, it's already prepping a script for a sequel. Back...
Gender Limbo: For 40 Years Surgeons Have Been 'Correcting' Some Babies' Ambiguous Genitals; as Adults, the Patients Don't Always like the Results
Gender Limbo For 40 years surgeons have been 'correcting' some babies' ambiguous genitals. As adults, the patients don't always like the results. HEIDI WAS A HEALTHY, full-term baby when she poked her head into the world on Oct. 20, 1961. But...
Heirs to a Highly Uncertain Future: Without Space and a Culture of Their Own, the Young Create a Scene
Without space and a culture of their own, the young create a scene. ACROSS THE BOTTOM OF HIS ART project, Chart Yan-kwong, 19, has placed a handful of Polaroids, snapshots of bananas. The work, called "Confused Am I," is about identity on the eve...
Lights! Action! Cannes!
The world's most famous film festival is turning 50. Despite celebrity madness, starlet overload and an exhausting menu of movies, NEWSWEEK'S critic finds the place irresistible. YOU HAVE FLOWN across nine time zones to get to the most glamorous...
Piecing It All Together
The Feds think a mechanical mishap almost certainly destroyed the 74 7. Can another tragedy be avoided? PAINSTAKINGLY REASSEMBLED from the myriad bits and pieces recovered on the ocean floor, the shattered hulk of TWA Flight 800 is coming together...
Planners on the Prowl
CONSUMER GROUPS called in the cameras last week to say Americans are in a financial-planning crisis, but don't expect the financial planners to help: they're in crisis, too. Buoyed by the bull market, the industry has swelled to saturation and now...
Revenge of the Refugees
At a windswept grave outside Shanghai, villagers still gossip about the day D.H. Tung came home. In 1990, more than four decades after the future leader of Hong Kong sailed away from the great port city at the age of 12, he returned to survey the...
Smile: New Drill Makes Tooth Repair Painless; the FDA Approves a Laser That Zaps Tooth Decay
The FDA approves a laser that zaps tooth decay LESLIE YERKES USED TO PLAY A GAME with her dentist. "I would ask him, On a scale of one to 10, what is the degree to which the drilling is going to cause me pain?'" says Yerkes, a Cleveland business...
Some Kind of Balance: Is the Deficit Gone? Only by Uncle Sam's Math
Is the deficit gone? Only by Uncle Sam's math. IT'S BEEN PARTY TIME IN WASHINGTON lately, with President Clinton and Congress toasting their agreement to agree to balance the federal budget in five years. There's been so much celebrating that you...
The Coming of Mao Zedong Chic
Once, mainland China was a forbidding presence across the border. Now it is the wellspring of a new cultural identity. I CAN STILL REMEMBER MY BREATHLESS excitement in 1961 as I flew down the South China coast from Taipei to Hong Kong and for the...
The Microsoft Primary
The place to find cool politicians isn't in the capital it s in Bill Gates's 'other Washington' AL GORE WORKED LATE ON HIS SPEECH. "HE WAS UP HALF THE NIGHT," SAID WASHINGTON state Gov. Gary Locke, a close friend. With good reason: Gore had a command...
The Strange Case of Israel's Red Heifer
HER NAME IS Melody, and she whiles away her days oblivious to the controversy that surrounds her. Some would like to put a bullet in her head. Others want to burn her to cinders. But the greatest troubles Melody knows are the flies that swarm about...
This Sort of Thing Is His Bag, Baby
As 'Austin Powers,' Mike Myers is hip again BEHAVE, ALL YOU SWINGERS OUT there: here comes the groovy star of the '60s-style spy spoof Austin Powers: International Man of Mystery." You know: Mike Myers, from "Saturday Night Live." Flick called "Wayne's...
Tuning in to Teenagers: We Need to Study the Impact of Hollywood on Kids' Sexual Behavior, Even If It Is Controversial
We need to study the impact of Hollywood on kids' sexual behavior, even if it is controversial LIKE THE WEATHER, EVERYONE TALKS ABOUT TEENAGE sex, but no one seems able to do anything about it. One million pregnant teens a year? Hey, just say no....
Twelve Tips for the Markets: Confused about Whether to Be Bullish or Bearish on Hong Kong? Here Are the Key Things to Keep an Eye On
Confused about whether to be bullish or bearish on Hong Kong? Here are the key things to keep an eye on. ACCORDING TO MUCH OF THE Western media, Hong Kong is dying and its freedoms are lost. But in the financial markets, optimism is riding high....
Why the World Watches: How China Treats Hong Kong Will Reveal Its True Face
The flights have been booked; TV anchors have staked their places, ready to play supporting roles on one of the most dramatic natural stages in the world. A few licks of paint aside, all is prepared for a certified Big Media Event. At midnight on June...