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. 153, No. 25, June 22

A Friend in Need
Byline: Jacob Weisberg; Weisberg is chairman and editor in chief of the Slate Group. Barack gets tough on Bibi. Since the first stirrings of the Arab-Israeli peace process after the Yom Kippur war in 1973, America's relations with Israel have...
Alternative Medicine
Byline: Allison Samuels On a set in Inglewood, Calif., will Smith busts out of his trailer door and yells at the top of his lungs, "Woman, come rub my feet!" He's speaking, loudly and in jest, to his dynamo of a wife, Jada Pinkett Smith, who proceeds...
Barney Frank, Car Guy
Byline: George F. Will And green guy. So he pressures GM. General Motors changed its mind. Or maybe not. It is unclear that GM still has a mind of its own, so let us just say that GM changed its decision. The company first announced that it was...
Five of a Kind
Byline: Sarah Kliff Before 'Jon & Kate plus Eight,' there were the Pisner quintuplets. As they've grown, so has our mania for multiples. The Dionne sisters, born in Canada in 1934, were the first quintuplets to survive infancy. In their matching...
Fringe Benefits
Byline: Seth Colter Walls Late one Sunday night in 1992, a senior representative from America's musical underground snatched the keys to MTV. (Gather around, children, and imagine a time when the channel spent more time playing videos than it did...
Garden Variety
Byline: Julia Reed The summers of my youth were spent largely at the house of our neighbors, who had six children (including three good-looking, much older and very funny boys) and a playroom with a pool table, card table, stereo and ancient refrigerator....
Haunted by the Dean of Watergate
Byline: Michael Isikoff The war over Watergate never ends. The latest battle is over a decision by the Nixon Presidential Library to commemorate this week's 37th anniversary of the Watergate break-in by inviting an especially provocative speaker:...
Iran's Comeback Kid
Byline: Babak Dehghanpisheh At press time last weekend, Tehran felt something like Miami circa November 2000. After an intensely fought campaign for president, election officials had declared the incumbent, Mahmoud Ahmadinejad, the victor with nearly...
Olmert's Lament
Byline: Kevin Peraino Former Prime Minister Ehud Olmert is proof of the perils of reining in settlements. He's also proof of why Washington should try. as the sun rose over new york city on Thursday, June 4, Ehud Olmert, the former prime minister...
Saad Hariri: Heir Apparent
Byline: Lally Weymouth hizbullah had been expected to win last week's election in Lebanon, but voters took to the streets in droves and unexpectedly voted into power the pro-Western March 14 Alliance led by Saad Hariri. NEWSWEEK's Lally Weymouth...
Smith's Newest Jones
Byline: Ramin Setoodeh Kevin Smith has been performing a sort of unplugged stand-up act since his movie Clerks came out in 1994. He started by traveling to college campuses to talk about the movie. That evolved into a verbal burlesque where he'd...
The Accidental Slumlord
Byline: Daniel McGinn At the height of the housing boom, I became a long-distance landlord. Then my tenants came home to roost. When you walk into the back apartment of the tan duplex on the west side of Pocatello, Idaho, the first thing that...
The Capitalist Manifesto: Greed Is Good
Byline: Fareed Zakaria (To a point) A specter is haunting the world--the return of capitalism. Over the past six months, politicians, businessmen and pundits have been convinced that we are in the midst of a crisis of capitalism that will require...
The Fire Next Time
Byline: Joshua Alston Considering all the effort put into shrouding Barack Obama in swarthy otherness during the election, it's a wonder that one biographical factoid went without much scrutiny. On their first date, he took Michelle to see Spike...
The Insurgents: The Secret Battle to Save Capitalism
Byline: Michael Hirsh The Insurgents: The Secret Battle To Save Capitalism. Maria Cantwell sat aghast in front of the TV in her Senate office last fall, watching Wall Street crash. Not long after her arrival in D.C. in 2001, Enron imploded. Energy...
'The Lady' and the Tramp
Byline: Tony Dokoupil; With Lennox Samuels in Thailand and F. De Burgo-Naughton in Burma The Missouri misfit who helped bring down Burma's future. For years, John Yettaw had experienced visions that warned him of events to come. Sometimes the...
The Micawbers and Mrs. Roosevelt
Byline: Jon Meacham The numbers are, by and large, pretty good. In the Gallup poll, President Obama's job-approval rating in May averaged 65 percent, a figure that puts him in good company. Only three other presidents elected to their first terms--Eisenhower,...
The Perils of Punditry
Byline: Evan Thomas How bloggers turned me into the poster child for the argument that the liberal press loves Obama. I am an occasional talking head on TV, and I try to appear relaxed, though I am sometimes anxious. In those moments, I can say...
The Piggy-Bank Billionaire
Byline: Daniel Gross; Gross is NEWSWEEK's economics editor. How KKR is raking in the pennies. So far, it's shaping up to be a dreadful year for the retail industry. American shoppers generally soldier on through thick and thin. "But sales are...
The Sins of the Fathers
Raising kids in a same-sex union. First comes love, then comes marriage. Then come all the thorny issues that arise with raising kids in a religious tradition when that religious tradition doesn't see you as married. When another state legalizes...
Who Are You Calling Rambo?
Byline: Rieckhoff is the Executive Director and founder of Iraq And Afghanistan Veterans of America. By Paul Rieckhoff As any veteran can attest, coming home from war is a long journey, and it's never easy. Then again, neither is sitting across...
With Saviors like This
Byline: Howard Fineman; Fineman is author of The Thirteen American Arguments How lost are the Republicans? They're looking to Newt for answers. Sure, F. Scott Fitzgerald, our patron saint of self-pitying oblivion, declared, "There are no second...