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. 22, November 28

A $492 Billion Bet
Byline: Niall Ferguson Congress is poised to slash defense spending. Great idea--as long as China remains our buddy and the Middle East embraces brotherly love. Fort Leavenworth in Kansas is the perfect place to go to think about the U.S. defense...
Bloomberg's Plan for World Domination
Byline: Nick Summers With an army of reporters and wonky information services, the media company is expanding from Wall Street to Washington, Where it hopes to control even more. Bloomberg was everywhere, like Bloomberg likes to be. In New...
I Was an Undercover White Supremacist
Byline: R. M. Schneiderman An FBI mole speaks for the first time about life in the seedy world of right-wing terror. John Matthews had long been a shadowy presence in his son Dan's life. Every six months it was a new city, a new state, a new...
Lady Gaga Gets Cookin'
Byline: Adam Auriemma The eccentric star gives Turkey an Italian twist. The last time we saw Lady Gaga in the kitchen--in the music video for "Telephone"--she was a vengeful chef, foisting poisoned eggs and bacon upon diner patrons with Beyonce...
My Favorite Mistake
Byline: Mickey Rourke Mickey Rourke on partying his way out of a career. I made the mistake one time of staying out four nights in a row when I had to work. I'm talking four nights in a row! I was doing a movie called The Pope of Greenwich Village,...
Penn State's New Villain
Byline: Buzz Bissinger; Buzz Bissinger Is The Sports Columnist For The Daily Beast And A Contributing Editor At Vanity Fair. The investigation of Jerry Sandusky began when Tom Corbett, the Pennsylvania governor, was attorney general. What took so...
Rent My Life!
Byline: Rob Baedeker Get a job? yeah, right. there's a much quicker way to make a buck when the economy's in the tank. There's a strange woman in our shower. She and her boyfriend arrived late last night, and she's slipped into our bathroom,...
Roseanne, the Pirate Queen
Byline: Roseanne Barr Sure, menopause is hell. It saps your sex drive and puffs your ankles. But when it's over, you're calmer and more connected. Embrace it, sisters! Madonna is 53. But don't worry-she still isn't acting her age. While celebrating...
Stephen Sondheim
Byline: Malcolm Jones Musical theater's trailblazing composer on screwing up and how to succeed on Broadway. All the songs in your new collection, Look, I Made a Hat, are written for shows or for specific occasions, like someone's birthday. Have...
The Accidental Art Mogul
Byline: Blake Gopnik Lesser figures in the art world live in ffear of Marian Goodman, a New York collector with a backbone of steel. Blake Gopnik on how she became a megadealer. Marian Goodman, one of the world's greatest art dealers, does not...
The Great American Internship Swindle
Byline: Jean Chatzky Colleges often require students to work unpaid internships--and pay for the credits themselves. How to stop the insanity. The cost of college is going up--again--but not in the way you think. Sure, tuition at both public...
The Nincompoop Nominee
Byline: Paul Begala What's next? The Santorum Surge? The Huntsman Hiccup? Why Newt Gingrich would be a godsend to the Democrats. What are we to make of the ascension of Newt Gingrich? Perhaps the day has finally, belatedly, blessedly arrived...
Who Will Pay?
Tensions are ratcheting up around Occupy Wall Street. Here's what it will mean for all the major players. While the populist protest movement is forcing politicians in Washington into awkward positions, it's up to City Hall to figure out how...
Why I Love the Muppets
Byline: Whoopi Goldberg Rowlf, Kermit, and Pepe The King Prawn--welcome back to the big screen. There's nothing like seeing the Muppets in real life, because you're stunned. You're stunned by their simplicity. Yes, it's just a rag with some eyes,...
Your Life in 500 Words or Less
Byline: Andrew Ferguson High-school seniors hate them. Colleges ignore them. So why have those pithy personal essays become the bane of every university-hopeful? Meg is a lawyer-mom in suburban Washington, D.C., where lawyer-moms are thick on...