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. 26, June 29

A Diplomatic Shuffle
With GREGORY BEALS. JOHN BARRY and MELINDA LIU To re-energize his team, Clinton turns to an old pro HE NEVER REALLY LEFT. RICHARD Holbrooke resigned as an assistant secretary of State in 1996, but he remained in the inner circle. As special envoy to...
A Fading Scar
Tiananmen: A reporter who covered the massacre discovers that her own memories of the bloodshed are more vivid than those of many Chinese. IF ANYONE IS HAUNTED BY WHAT HAPPENED AT TIANANMEN SQUARE in 1989, it should be Wang Dan. The most famous student...
A New Avant-Garde
The Arts: Modern painting is in modest bloom in China. The goal: to define a modern esthetic. ON FEB. 5,1989, WITH great fanfare, the National Gallery in Beijing launched an exhibition called China/Avant-Garde. It was to be a coming-out party for a...
A New Mystery Man
With GEORGE WEHRFRITZ, MARK HOSENBALL and DANIEL KLAIDMAN Scandal: The Chinese need lessons in spin control. IT WAS AN EXTRAORDINARY fully planned gesture. Last week, on the eve of President Clinton's visit, the Chinese allowed NEWSWEEK to interview...
Beyond History's Shadow
Diplomacy: Bill Clinton's summit with Jiang Zemin comes just as a new China is emerging. Why both leaders must learn to work together. SHORTLY AFTER 1005, ON MAY 25, was made. The president of the United States picked up the phone and, thanks to a newly...
Chainsaw Massacre
SLOAN is NEWSWEEK'S Wall Street editor. His e-mail address is sloan@panix.com. When Sunbeam axed 'Chainsaw' Al Dunlap, the dean of downsizers wasn't the only one to fall What COULD BE EASIer than making fun of former Sunbeam Corp. chairman "Chainsaw"...
China by the Numbers: Portrait of a Nation
With GEORGE WEHRFRITZ, MELINDA LIU and DORINDA ELLIOTT in Beijing and KAREN BRESLAU, MICHAEL HIRSH and MARK HOSENBALL in Washington Photo ops are one thing, but facts are another. Here's what the statistics say about progress in China-and how far the...
Decent into Darkness
Decent into Darkness With LESLIE KAUFMAN, GREGORY BEALS, THOMAS HAYDEN and BEAD STONE in New York and CORIE BROWN in Los Angeles His fight against mental illness turned the charismatic Michael Laudor into an icon and charmed Hollywood. But now he's...
Goodbye to the Bulls
The coach of the '90s tells why he's walking away and why he thinks Michael will quit, too AFTER NINE YEARS AND SIX NBA championships as coach of the Chicago Bulls, Phil Jackson is-literally- packing it in. Days after Michael Jordan's heroics defeated...
Jesus Is All the World to Me'
Religion: Expelled by Mao, missionaries are flocking back to China. That's fine with Beijing. THE CHILDREN ARE DRESSED IN their Sunday best when "Grandma Jane" arrives at the orphanage in rural Xinmi County. All 16 of them -girls in summer dresses,...
Jiang Speaks Out
Interview: On the eve of Bill Clinton's trip, the Chinese president describes his goals for the summit IN THE HEAVILY GUARDED ANCIENT compound where he will receive President Bill Clinton this week, China's president, Jiang Zemin, 71, last Wednesday...
Maoism at High Speed
Music: Never heard of Beijing's punk underground? Check out the latest releases from Uganda. LlANG WEI WAS SITting at home watching satellite television the day he became a rebel. "It was cool," he remembers. 'Very direct and a little crazy" "It" was...
On the Road in China
Society: Communism is dead. Crony capitalism lives. Today, this is a country of cell phones and pagers, McDonald's and bowling alleys. IN BEIJING THESE DAYS, INTELlectuals sip tea and talk about how long it will be before the authorities get around...
Searching for a Plot, Hollywood Looks to the Millennium
JON AMIEL DOESN'T fear the Millennium Bug, that glitch in computer programming that threatens to shut down civilization at the stroke of midnight Dec. 31, 1999. But he sure hopes the rest of the world does. The director of "Sommersby" and "Copycat" has...
Sobering Up about AIDS
Two years ago a cure seemed close at hand. But the new drugs are less potent, and more toxic, than they looked. REMEMBER THE EUPHORIA OF 1996? A new generation of HIV-busting drugs - the protease inhibitors- had just reached the market. And studies...
Starting to Feel the Pinch
SCHELL, a longtime observer of China, is dean of the Graduate School of Journalism at the University of California, Berkeley. The Economy: A distinguished Sinologist wonders if Asia's financial crisis could turn China into another Indonesia THE MOST...
Talking Past Each Other
Tibet: President Jiang and the Dalai Lama say the right things, but they're making no progress whatsoever WHEN HE VISITED the United States last year, President Jiang Zemin dismayed some of his own supporters with his clumsy handling of the Tibet issue....
The Fugitive Falls in Love
Clooney earns his movie-star stripes with 'Out of Sight' INSIDE THE TRUNK OF A CAR IS AN ODD place to begin a romance. But that's where George Clooney and Jennifer Lopez are thrown together early on in Out of Sight. He's veteran bank robber Jack Foley,...
The Rebirth of Cool
Culture: Until the birth of the People's Republic, Shanghai was China's artistic center. Can it regain its former glory? THE GAP RESTAURANT IN SHANGHAI'S FRENCH CONCESSION IS a squeaky-clean place, all checked tablecloths and stylishly bland Chinese...
The Stick in the Eye
The ouch of one scandal gives way to the next until we can't tell momentous from trivial MEL BROOKS AND CARL REINER HAVE COME OUT with a new interview of the "2,000-year-old man." As in the ones before, Brooks is the blunt-spoken, old Yiddish-accented...
The Witness and the Jogger
With EVAN THOMAS An embattled Starr probes new charges of intimidation LAST JAN. 8, AT DAYBREAK, KATHleen Willey emerged from her home outside Richmond, Va., to take stroll. She had a lot on her mind: she was scheduled to testify against President...
Those Chips Look Good but Do You Lose Weight?
With MARY HAGFR in Washington, DC. I The FDA says olestra is safe, but doubts remain. And you can't count on fat-free foods to keep the pounds off. ONE OF THE COUNTRY'S NOISIEST food fights flared up again last week, as the Food and Drug Administration...
Tricks of Trade
With JOHN BARRY in Washington Business: Despite rhetoric about the risks, relations between China and U.S. companies are crucial to America's future security. Here's why IT'S FORMULA. "SIGHS CHARLENE BARSHEFSKY, THE U.S. TRADE representative. A troop...
Trying to Stand on Two Feet
Women: They have more personal rights now-but the cost can be brutal. PAN JINGLING JOURNEYED HALF the width of China to reach this sanctuary. The 25-year-old peasant woman feels lucky the place exists at all. The New Sun Marriage Shelter, a self-funded...
Uneasy Days for Schools
BRENNAN is superintendent of Parsippany-Troy Hills Public Schools in New Jersey. Behavior is learned by children during every waking moment, not just in the classroom ON A FRIDAY AFTERNOON IN LATE MAY, A 13-YEAR-old boy in one of my district's middle...
Why I'm Going to Beijing
The White House View: America's future will not be secure if Asia's is in doubt. THIS WEEK, I WILL BECOME THE FIRST AMERICAN president to visit China in a decade. I am going for one reason: to advance America's interests. America's future will not be...