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. 158, No. 09, August 29

A Quick Hit of Jane
Byline: Nancy Hass With a new book out and ready for her own 'third act,' Fonda talks politics, aging, romance--and the joy of sex after 70. As celebrity social crusaders go, it doesn't get any more vivid than Jane Fonda. She has spent her life...
DSK Gets Ready to Fight Back
Byline: John Solomon Scouring alleged victim's past, defense investigators plot focus on her financial motive. Dominique Strauss-Kahn and his defense team have been conspicuously silent since he was accused of sexual assault this spring. But...
Fashion's Biggest Fight
Byline: Jacob Bernstein Hollywood executive Harvey Weinstein talks Halston, Madonna, and Julie Taymor. You invested in the famed fashion house Halston four years ago. This summer the project collapsed, and you, investor Tamara Mellon, stylist...
Gloating China, Hidden Problems
Byline: Niall Ferguson Beijing has chastised the U.S. for fiscal recklessness, but it may be headed for an economic collapse of its own. Small wonder the Chinese news agency was on gloat mode during the week of Aug. 8. The U.S. stock market fell...
How to Gain from the Economy's Pain
Byline: Jean Chatzky Want to make like Warren Buffett and turn the market's risks into your reward? Five investment strategies to embrace now. Warren Buffett has said that a simple rule dictates his investment strategy: be fearful when others...
In Cold Blood II
Byline: Lois Romano Brooks Douglass was 16 years old when two drifters entered his family's Oklahoma farmhouse, killed his parents, raped his sister, and left him for dead. He survived, and passed a law allowing him to watch his attacker be executed....
Is Anyone Cooler Than Jeff Bridges?
Byline: Jacob Bernstein The slacker hero is having a career renaissance. His next big move: going country. The idea of branching out from acting to singing could turn even the sanest veteran of the stage and screen into a nervous wreck. Russell...
My Favorite Mistake: Paul Rudd
Byline: Marlow Stern Paul Rudd on the time he almost killed himself to get a laugh. Interview by Marlow Stern When I was 22, a friend and I were on a double date in Santa Monica with these two girls. It started innocently enough. We spent...
Oval Office Appeaser
Byline: William Broyles; Broyles, a Screenwriter and former editor of NEWSWEEK, supported Barack Obama in 2008. Obama likes to think of himself as a successor to FDR. But this former supporter sees a different--and much less impressive--resemblance....
Stop the Panic. It's Not 2008
Byline: Roger Lowenstein; Lowenstein, a director of the Sequoia Fund, is the author of The End of Wall Street and other books. The economy isn't as bad as you think. But higher taxes are our best hope. Mark Zandi, an economist, called from the...
Summer's Biggest Winners
It's been a brutal couple of months. From an 83-year-old poet to a 22-year-old actress, see who came out of the season shining bright and sitting pretty. KATE MIDDLETON & PRINCE WILLIAM Age: Both 29 Accomplishment: Marriage Quote: "We...
Tech Bubble? Not Anymore
Byline: Dan Lyons Venture capitalists thought they would soon be cashing in as a new crop of tech stocks went public. Now it's time for plan B. "That sound you just heard was the IPO window slamming shut." That was the gloomy message tweeted...
The Black War over Obama
Byline: Allison Samuels African-American leaders fear academic rebel Cornel West's fierce attacks on the president could spell trouble in 2012. How did Cornel West become the administration's No. 1 gadfly? The noted African-American scholar and...
The One Word That Can Save Your Life: No!
Byline: Sharon Begley Stents. Knee surgery. Even the omnipresent MRI. New research shows how some common tests and procedures aren't just expensive, but can do more harm than good. Dr. Stephen Smith, Professor emeritus of family medicine at Brown...
The Untold Story of the Bay of Pigs
Byline: Robert Dallek Newly declassified CIA documents reveal new blunders and how close America came to war during the failed invasion of Cuba. From a transport ship floating in Cuba's Bay of Pigs, CIA operative Grayston Lynch knew the U.S....