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. 131, No. 4, January 26

A High Flier Falls to Earth
Peregrine is swept away by Asia's economic turmoil and its own faith in crony capitalism EVERYTHING SEEMS TO MOVE A little faster in Hong Kong, the frenetic nexus point to the biggest investment story of the decade: China. Markets jump, money flies...
A Mystery Man Speaks: The Tangled Tale That Prompted a Cabinet Probe
The tangled tale that prompted a cabinet probe TO HEAR LAURENT YENE TELL IT, THE transaction went down like a scene out of a Hollywood political melodrama. On a cold spring afternoon in 1996, Yene's girlfriend and business partner, Vanessa Weaver,...
A Polite Kind of Race War: Inside the Struggle to Make a Clinton Idea Work
Inside the struggle to make a Clinton idea work IT WAS THE SORT OF EVENING BILL CLINTON loves. On his plate, steak and shrimp. At his table, a dozen of the country's leading authors and scholars. For hours, as Clinton gleaned ideas for his State...
Arguing at Fever Pitch
It's been 25 years since Roe v. Wade. Abortion has become a fact of American life, but the ethical debate will probably never be over. THESE ARE THE ROUTINE questions for some pregnancies nowadays: Is the baby healthy? A boy or girl? Should I have...
Canadians on Ice: A Storm Leaves Millions Locked in an Icy Hell
A storm leaves millions locked in an icy hell CANADIANS HAVEN'T FOUGHT A WAR on their own soil since 1812, but the past two weeks came close. A vicious ice storm ravaged Quebec, Ontario and New Brunswick, leaving swaths of the country looking like...
Grouchy in Greenwich: The Fight over the Dome
IT'S DAY ONE OF THE NEW MILlennium in London, and the family needs a treat. How about a trip to the Millennium Dome? It has been billed as "the most spectacular event on Earth": a multimedia extravaganza that mixes education, entertainment and spiritual...
He Does It Again: Saddam Provokes Another Crisis, This Time over Poison Tests on Humans
SCOTT RITFER IS A FORMER marine who knows how to make waves. After the Persian Gulf War, 'Ritter, then a captain in intelligence, contradicted a boast by U.S. commanders, including Gen. Norman Schwarzkopf that allied air power had obliterated Iraq's...
'How Sweet It Is ...' to Own All Those Fantastic Old Motown Songs
... to own all those fantastic old Motown songs STING PROBABLY DOESN'T need the money, but it's piling up, right now, in pennies or the equivalent worldwide. And Martin Bandier intends to collect every cent for the veteran British rock star. As...
Is Ecerybody Crazy?
Psychiatrists are ridiculed for callin8 every quirk a mental illness, but new research on Benes and the brain suggests they might be right. He was young for a stroke victim-only 48. But that wasn't what most puzzled neurologist Theodor Landis and...
It's a Windows World, after All
ONCE UPON A TIME, John Malone promised 500 channels of cable television-- and never delivered. He wrangled with Sumner Redstone of Viacom for control of Paramount Studios-and lost. He tried to merge his giant cable network, Tele-Communications Inc.,...
Let There Be Light; New Drugs Activated Inside the Body by Laser Beams Can Destroy Cancer without Surgery
New drugs activated inside the body by laser beams can destroy cancer without surgery WHEN DOCTORS DISCOVERED A speck of cancer on Phillip McCormick's lung a couple of years ago, they gave him two options. The most traditional and conservative route,...
Lights, Camera, Oscars!
It's January. Have you written your acceptance speech yet? NEWSWEEK'S David Ansen and Corie Brown ask some of Hollywood's hottest directors to vent about studios, statuettes and 'Titanic.' IT IS AWARDS SEASON IN HOLLYwood, and the only talk is of...
My Brain Made Me Do It
Multiplying the categories of mental illness isn't just a game; it has effects in the real world. NO ONE REALLY wants to be labeled sick, but there are times when it may be better than the alternatives. Men caught groping their secretaries plead...
NBC: The Road to 'Tap City.' (National Broadcasting Corp. Loses Rights to Broadcast National Football League Games)
The behind-the-scenes story of how the network s sports czar, Dick Ebersol, let football get away. THE 5OTH - BIRTHDAY PARTY LAST September for Dick Ebersol, president of NBC Sports, had no shortage of the over-the-top showmanship the TV business...
Oops, Here I Go Again: At Thirtysomething, I Haven't Outgrown My Obsession with the Stones. I Hope I Never Do
At thirtysomething, I haven't outgrown my obsession with the Stones. I hope I never do. AS THE YEARS GO BY, THE LOOKS GET STRANGER, MORE quizzical. Friends, family, my wife, they know. Even I know: I should have outgrown this Rolling Stones obsession...
Political Shoplifting: Republicans Lifted All the Wrong Things, the Democrats Were More Skillful
Republicans lifted all the wrong things, the Democrats were more skillful EVERYONE TALKS ABOUT HOW BILL CLINTON HAS incorporated watered-down variants of Republican ideas into his program. Some Republicans call it larceny, and some Democrats call...
'Should I Pack My Bags?' (South Korean Students in America)
With an economic crisis at home, 40,000 South Koreans studying here worry about paying bills SOUTH KOREA'S ECONOMIC WOES are an epidemic in Seoul and a major migraine on Wall Street. Now they're beginning to infect American campuses, which have...
Suharto Family Values
The Indonesian ruler's kids own a vast chunk of the nation. Can the IMF force them to let go? HOW DO THINGS REALLY WORK IN Indonesia? Even the most casual visitor quickly gets a clue. You arrive at Jakarta International, built by Bambang Trihatmodjo,...
That Old Malone Magic: The Cable Industry's Best Dealmaker Shows How to Transform Legal Lemons into Lemonade
The cable industry's best deal maker shows how to transform legal lemons into lemonade HARRY HOUDINI, THE LATE, GREAT escape artist, had nothing on cable-TV magnate John Malone when it comes to getting out of tight corners. Consider, if you will,...
The Mountain Slide; Are Short, Fat Skiboards the Next Big Thing?
Are short, fat skiboards the Next Big Thing? IT'S FRIDAY AFTERNOON, AND SKI CONDITIONS at Vermont's Okemo resort are nothing short of apocalyptic. Pillows of fog smother the mountain, while bursts of rain pound what had been wonderful snow into...
The Paula Problem
For Bill Clinton, the face-to-face session with Paula Jones may, in a strange way, be the least of his worries as her determined lawyers prowl through the president's past looking for other women. THEY TRIED TO KEEP HER AS FAR AWAY FROM THE White...
The Swiss Halo Slips Again: Add Jewish Camps to Switzerland's List of Sins
Add Jewish camps to Switzerland's list of sins THE MEN FARMED, BUILT ROADS or cut trees. Women cleaned and cooked for families. At night, they were confined to unheated barracks, where they slept on plank bunks padded only with loose straw. Armed...
The Ultimate Last Hurrah: In the Autumn of His Life, John Glenn Goes Home - Back into Outer Space
In the autumn of his life, John Glenn goes home back into outer space FOR ALL THE DREAMS HE INSPIRED in others, John Glenn clung to just one for himself: to get back into space. The first American to orbit the Earth, he had seen four sunsets in...
Turn-of-the-Century Blues
The ragtime rhythm of America's growing pains WITH THE OPENING OF THE $22.5 on Ford Center for the Performing Arts, a reconstructed 42nd Street is just about ready to again become most important theater street in the world. Already Disney's Want...