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. 10, March 10

A Big Job Opening: These Peculiar Times Have Created an Opportunity for a Republican Leader
These peculiar times have created an opportunity for a Republican leader THERE IS A HUGE OPPORTUNITY OUT THERE FOR THE Republican who knows how to take it. The party has recently had the kind of both good and bad fortune that can be turned to advantage...
A Cloned Chop, Anyone?
Dolly will speed the race for new products like drugs and human organs. But don't look in the meat counter. LAST WEEK'S CLONING announcement predictably prompted a rash of phone calls to Lisa Tuckerman, a money manager whose job is to spot investments...
A Cream Puff or a Lemon? the Used-Car Superstores May Face Some Speed Bumps
The used-car superstores may face some speed bumps IF YOU BELIEVE WHAT YOU READ, KEVIN Rinke is about to become roadkill. For 80 years his family has run a car dealership in suburban Detroit, and a big chunk of his profits comes Item selling used...
A Leap of Faith: Despite Its Vast Corruption, Clinton Takes a Chance on Mexico
Despite its vast corruption, Clinton takes a chance on Mexico DON'T BE FOOLED BY ITS bureaucratic disguise. The annual "certification" process that the United States uses to judge its partners in the war on drugs has all the elements of a prime-time...
A Legal Morality Play at Cravath
AS FAR AS THE MORALITY of their clients goes, the position of most top law firms is clear: Satan himself is entitled to counsel, especially if he puts down a fat retainer. But internal debate over whether to accept a particularly notorious case got...
AmEx's New Number Two: Ken Chenault Moves Up at the Charge-Card Giant
Ken Chenault moves up at the charge-card giant Harvey Golub, the chairman of American Express Co., has named 45-year-old Kenneth Chenault as president and chief operating officer of the $16 billion company. The appointment makes Chenault, who holds...
Arsenio's Back, and Hall's Well: The Late-Night Alum Pops Up in Prime Time
The late-night alum pops up in prime time ARSENIO HALL IS WORRIED. IT'S Friday night in Atlanta, and the hometown Hawks have just succumbed to a one-point beating by Charles Barkley's Houston Rockets. Hall stands midcourt in the looming Omni arena,...
Good-Bye Pac-Man: Steven Spielberg Unveils the Video Arcade of the Future; but How Much Will You Pay for Virtual Fun?
Steven Spielberg unveils the video arcade of the future. But how much will you pay for virtual fun? IN THE BEGINNING THERE WAS JUST pinball. Then, Pac-Man and Donkey Kong. You got some quarters from Pa, elbowed your way between the juvenile delinquents...
Internet U - No Ivy, No Walls, No Keg Parties
HOW CAN there be classes without classrooms? Exams without blue books? Isn't the steady inhalation of chalk dust essential to a top-drawer education? Joe Martin doesn't think so. The 41-year-old CFO of Farm Bureau Insurance in Indianapolis is enrolled...
Just Call Him Tricky Bibi
A cabinet scandal and a row over a new settlement in East Jerusalem force Netanyahu to hunker down WHEN BENJAMIN netanyahu was campaigning for office, he promised an "administration of excellence." Israel's youngest-ever prime minister, the first...
Keeping It in the Bedroom: On the Hill, Both Parties Act as If Clinton Is the Only One in Trouble - but They're Sinners, Too
On the Hill, both parties act as if Clinton is the only one in trouble--but they're sinners, too CAN SOMETHING AS STUPID AS RENTING out presidential bedrooms lead to something as smart as campaign-finance reform? Not if Congress can help it. You...
Little Lamb, Who Made Thee?
Dolly's was the birth heard round the world. The first mammal ever cloned from a single adult cell, she was living proof that scientists had solved one of the most challenging problems of cell biology. Her creation raised a troubling question: can...
Living Is the Mystery: I Believe We Should Enlarge the Debate on Euthanasia and Not Rush to Resolve It
I believe we should enlarge the debate on euthanasia and not rush to resolve it THE CURRENT DEBATE OVER EUTHANASIA IS OFTEN simplistic. The subject is complex. We don't even have a generally agreed-upon definition of the word. Is euthanasia solely...
Meet the New Kuwait; Fifteen Years Later, the Islands Are Flush: The Falklands
Fifteen years later, the islands are flush UNDER THE WATCHFUL EYES OF A nervous population, the Argentines returned to the Falkland Islands last week. This time, they arrived not in military landing craft but in a chartered civilian flight from...
Most Wanted Kingpin? Amado Carillo Is Mexico's Biggest Drug Trafficker. He Is Also the Country's Best-Connected
Amado Carrillo is Mexico's biggest drug trafficker. He is also the country's best-connected. WHEN SOLDIERS combed Mexican drug czar Gen. Jesus Gutierrez Rebollo's plush apartment on Feb. 22, they found cellular phones with scramblers, $10,000 in...
On the Trail of a 'China Connection': Why the Scandal over Clinton's Foreign Money Keeps Raising Questions about Beijing
Why the scandal over Clinton's foreign money keeps raising questions about Beijing. ON JUNE 18, 1996, WASHINGTON lobbyist Pauline Kanchanalak came to the White House, as she had on 25 other occasions. The event was a small coffee with President...
Pop
U2 goes high-tech and lowbrow on the new 'Pop' NO BEER COMPANY OR CEREAL brand ever flogged a new product and a new image more heartily than U2. Bono, the Edge, Adam Clayton and Larry Mullen are hyping their album "Pop" as if it were sliced bread,...
Rethinking Tianenmen: The Nation's New Leaders Re-Examine the Past
The nation's new leaders re-examine the past PRESIDENT JIANG ZEMIN STOOD beneath the massive funeral portrait of Deng Xiaoping and began to challenge his mentor's legacy. Speaking for the first time as China's paramount leader last week, Jiang hailed...
Rupert's Death Star: The Media Baron's $1 Billion Deal with EchoStar Heats Up Satellite TV's Battle against Cable
The media baron's $1 billion deal with EchoStar heats up satellite TV's battle against cable LAST MONTH RUPERT MURDOCH'S Twentieth Century Fox studio rereleased "Star Wars," the intergalactic action-adventure film. And last week Murdoch did a little...
Stanley
A great actor's trip from Cape Town to Cookham NEW YORK HAS BEEN INVADED THIS season by great foreign actors: Michael Gambon in "Skylight," Fiona Shaw bringing T. S. Eliot's poem "The Waste Land" to life, Donal McCann in "The Steward of Christendom"...
Strange Bedfellows
Fame, fortune or friendship could buy you a night in the Lincoln Bedroom. Inside the Clinton money machine. THE MEMO WAS CRISP, ITS LANGUAGE CLEAR, the writer's bona fides unassailable. The author was Abner Mikva, former congressman, former federal...
Sudden Exit of a Would-Be Mogul: Tough Editor Steve Brill Gives Up the American Lawyer and Court TV
Tough editor Steve Brill gives up The American Lawyer and Court TV POOR STEVEN BRILL. WELL, OK, RICH Steven Brill. Really rich. But it was a sad thing, late last month, when this colorful entrepreneur walked away from his Court TV cable network...
The Piano Man
'Shine' is the film life of the troubled, triumphant prodigy David Helfgott. Now the real pianist is on a world tour. Is he up to it? Are we? NOTHING QUITE PREPARES you for meeting David Helfgott face to face--not even actor Geoffrey Rush's uncannily...
The Price Is Right: Alan Greenspan Is Worried. but Is He Heeding the 'McDonald's Effect?'(consumer Pressure Keeps Inflation Down)
Alan Greenspan is worried. But is he heeding the 'McDonald's Effect'? MCDONALD'S IS ONE HUMONGOUS company. With 21,000 restaurants in 101 countries, it is everywhere--which is why the global economy is sometimes called McWorld. But back home in...
The View from the Inside: A Former Clintonite on Why the White House Was So Desperate for Cash
A former Clint0nite on why the White House was so desperate for cash. BY GEORGE STEPHANOPOULOS YOU CAN'T IMAGINE how bleak things were inside the Clinton White House in late 1994. Newt Gingrich and his GOP insurgents had just clobbered us at the...
Today the Sheep
... Tomorrow the shepherd? Before science gets there, ethicists want some hard questions asked and answered. TWENTY YEARS AGO, WHEN only the lowly tadpole had been cloned, bioethicists raised the possibility that scientists might someday advance...
Touching All the Bases: Jim Leyland Is a Blue-Collar Manager with M.B.A. Moves
Jim Leyland is a blue-collar manager with M.B.A. moves MANAGING A BASEBALL TEAM used to be a relatively straightforward affair. You put your best lineup on the field, remembered to pinch-hit for the pitcher, kicked a little dirt at the umps and...