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 August 30

Back from the Brink; Overcoming Setbacks, Paul Hamm and Carly Patterson Soar to Dramatic Victories
Byline: Mark Starr What Paul Hamm did was unprecedented. No, not what he did in Athens last week, but what the gymnast did a year ago after he became the first American man to win the all-around World Championship. On the cusp of the Olympic season,...
Climbing Back Up; Ready to Reign Again, Wall Street's Fallen 'Queen of the Net' Tells NEWSWEEK: 'I'm Not Hiding out Anymore'
Byline: Charles Gasparino Mary Meeker can tell you first hand about bubbles bursting. For much of the 1990s, she was called "Queen of the Net," for her knack for picking tech stocks and helping companies like Netscape go public. Meeker was more...
Colorado's Crucial Vote; America's Federal System Aims Not Merely for Majority Rule but for Rule by Certain Kinds of Majorities Suited to This Heterogeneous Nation
Byline: George F. Will November's most portentous vote is not for president. It is Colorado's vote on abandoning, beginning this year, the winner-take-all allocation of the state's electoral votes. Instead, they would be divided according to each...
Coming Attractions; A Sneak Peek Ahead: Meet the People Behind Some of the Fall's Big Offerings. First, a Film Whose Characters Destroy Each Other-And Whose Cast Adores Each Other
Byline: Sean Smith On the first day of shooting their new film, Natalie Portman gave Julia Roberts a gift. The two women had never met, and because Portman had always admired Roberts, she decided to present her with a delicate silver necklace. On...
Crime: The Green Beret Murderer Hasn't Given Up
Byline: Daren Briscoe Former green beret Dr. Jeffery MacDonald says his family was killed on a rainy night in 1970 by a group of drug-crazed hippies chanting, "Acid is groovy." It's a story, and an alibi, from another time, but MacDonald is continuing...
Defending Our Skies against the Elderly; as I Watched the Airport Screener Search My Father, I Had to Wonder: Have We Lost Our Common Sense?
Byline: Diane Dimond (Dimond lives in Grandview-on-Hudson, N.Y.) Before he passed away in March, Allen O. Hughes took his final trip East. He came with Ruby, his wife of 56 years. They came not because they liked to travel--they came because Allen...
Design: Children's Mod Squad
Byline: Anne Taulane Eugenio Perazza just wanted a desk for his 2-year-old granddaughter, Anna, a budding artist. But Perazza, the owner of the Italian furniture-design firm Magis, couldn't find any well-made, modern kids' pieces that he liked....
Editor's Desk
Byline: Jon Meacham Faith, wrote the author of the Epistle to the Hebrews, "is the substance of things hoped for, the evidence of things not seen." Yet the stories of the three great monotheistic religions--Judaism, Christianity and Islam--unfolded...
Eyewitness to a Siege; Life among the Snipers and the Worshipers in a Holy City Held Hostage
Byline: Scott Johnson (With Babak Dehghanpisheh in Baghdad) A portrait of an angry Moqtada al-Sadr greeted visitors to the Imam Ali Mosque in the holy city of Najaf. The militant Shiite cleric and hundreds of armed followers were effectively holding...
Gold Rush; at a History-Making Olympics, a Swimmer at His Best and Two Young Gymnasts Who Shone Brightest When It Counted Most Have Given Us Miracle Moments
Byline: Devin Gordon (With T. Trent Gegax) At 7:52 p.m., 19-year-old Michael Phelps touched the wall after the 200-meter butterfly final last week, then looked up and found the familiar "1" next to his name on the scoreboard. He pumped his fist...
'Hacktivists' Log on; Police Are on Guard against Threats of Electronic Chaos
Byline: Sarah Childress As protesters in New York paint signs and map out marching routes for next week's Republican National Convention, on the other side of the country another kind of protester is working stealthily by the glow of a computer...
High Art
Byline: Malcolm Jones Sometimes Art Spiegelman has a little trouble figuring out who he is. Especially when he travels, he says, "it's really an identity crisis. You know that form you fill out when you get on an airplane going abroad? I've used...
It's My Life
Byline: Lorraine Ali Svelte, blond Gwen Stefani walks into the upscale Miu Miu boutique in Manhattan sporting a tartan kilt, a Virgin of Guadalupe T shirt and a mustache of cappuccino froth. She eyes a near-perfect pair of shoes: plaid stilettos...
New Hostile Fire; Incoming: Their Shots May Not Be Lethal, but a Crew of Angry Vets Have Hit Kerry's Hull
Byline: Evan Thomas and T. Trent Gegax (With Tamara Lipper, Susannah Meadows and John Barry) At first the Kerry campaign dismissed them as cranks. But with their slickly made ad and frequent appearances on cable TV and talk radio, charging that...
Newsmakers
Byline: Devon Thomas, Andrew Murr Q&A: RuPaul Drag supermodel, '90s dance-pop star, actress and actor, cult favorite RuPaul has just released his first new album in seven years. He spoke to NEWSWEEK's Devon Thomas. NEWSWEEK: Where have...
Now Digg This
Byline: Marc Peyser Any second now, something terrible is going to happen to Taye Diggs. Look at what he's endured in just the last few months. He was cast to star in the TV drama "Kevin Hill" (without auditioning, thank you very much). Right after...
One Faulty Investment; 'I Cannot Imagine a Situation Where I'd Recommend a Variable Annuity,' Says the Former Chair of TIAA-CREF
Byline: Jane Bryant Quinn (Reporter Associate: Temma Ehrenfeld) You rarely find me so deeply angry at a common investment product that I dream of blowing it to smithereens. Especially one that's sold by America's leading financial institutions,...
Perspectives
Byline: Quotation Sources From Top To Bottom, Left To Right: Associated Press (3), USA Today, Sportsillustrated.Com, New York Times, Associated Press, New York Times, Agence France Presse, Reuters "This race will go down as one of the greatest in...
Search for the Sacred; in Israel, Archeology Fuels Believers' Passions and Provokes Skeptics in a Sharp Debate without End
Byline: Jerry Adler And Anne Underwood (With Dan Ephron and Joanna Chen In Israel, Emily Flynn In London, Julie Scelfo, Mary Carmichael and Claire Sulmers) The 550 residents of Kibbutz Tzuba, a few miles down the road from Jerusalem toward Tel Aviv,...
Surviving the IPO from Hell; Google's Auction Format Resulted in Lower Profit Taking on the First Day of Trading
Byline: Steven Levy Months ago, when the idea of Google's inevitable IPO could be discussed by its leaders only in hypothetical terms, cofounders Larry Page and Sergey Brin were trying to explain to me (and perhaps themselves) why going public would...
Unearthing the Bible; Sacred Relics Lie Scattered beneath the Deserts of the Middle East. in Iraq, Our Religious History Is Being Obliterated; in Israel, It's a Question of Faith
Byline: Melinda Liu And Christopher Dickey (With BABAK DEHGHANPISHEH in Baghdad Graphic by Josh Ulick and Karl Gude) What there was in the beginning, in the world of the Bible, is what there was in the land now called Iraq. There is nothing left...