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. 05, February 2

A Long Wait for a Long Drive
Byline: Rick Perlstein; Perlstein is the author of "Nixonland: The Rise of a President and the Fracturing of America." On an overnight bus from Chicago to D.C. to witness the inauguration of Barack Obama. It's just before 7:30 p.m., on the eve...
A Loophole in the Rules
Byline: Mark Hosenball Publicly at least, President Obama has made a clean break with his predecessor's controversial counterterrorism policies, but in private the new administration is leaving itself some wiggle room. A day before Obama signed...
A New, Tougher Kind of Politics
Byline: Jeremy Mccarter Virtue, hard work and hope: Obama spoke like a true community organizer. Inaugural Addresses can't be judged right away: Like recipes, their greatness depends on how things turn out. If Franklin D. Roosevelt's efforts...
Audacity of Hoping
Byline: Allison Samuels African-Americans have an especially long wish list for the new president. How we can balance our expectations against reality. And why we must be patient. As soon as my jam-packed plane hit the ground in Washington, I...
Beyond Just Black and White
Byline: Raina Kelley Why I was so eager to claim my biracial son for my own side. When I took my newly born son from the nurse's arms, I did the expected counting of his fingers and toes. I checked under his cap for hair and flexed his little...
God's Miraculous Makeover
Byline: Lisa Miller 'Our bodies will be the very same as the ones we had in life, but buff and beautiful.' You likely believe that when you die, you're going to heaven. More than 80 percent of Americans do. But in what form? Are you "you"? If...
How I Escaped Jami G's Shadow
Byline: Allison Gaudet Yarrow; Yarrow is working on a memoir called "Southern Fried Jewish Girl." She lives in Brooklyn. I'm proud of my mom, the local celebrity. But I had to figure out how to be more than just her daughter. Many kids think...
In Gaza City, Muted Hopes for Obama
Byline: Rod Nordland There were no cheers in the Ranoush Cafe in Gaza City when Barack Obama was inaugurated. A few dozen young Palestinians watched the proceedings on one of the place's four televisions, listening to Al-Jazeera's Arabic voice-over...
Inside the Actors' Studio
Byline: David Ansen and Ramin Setoodeh Six stars. One room. Lots and lots of secrets--and a few lies. Welcome to the 12th NEWSWEEK Oscar Roundtable. One of the fringe benefits of hosting our Oscar Roundtable--other than, you know, hanging out...
It's Really a Global Crisis
Byline: Robert J. Samuelson As Americans save more of their incomes, Asians should save less, and spend more, to generate growth as opposed to exports. We should all want President Obama to succeed in reviving the economy, but that shouldn't...
Obama's Big-Picture Problem
Obama must decide what government's goals are before trying to answer what works and how much we can afford. An Inaugural Address is a new president's best opportunity to put forward a vision of government. In 1965, Lyndon B. Johnson proposed an...
On a Downtown Train
Byline: Howard Fineman Obama is the first modern Metropolitan President--good news for ailing cities. Inauguration day had turned into night. The mall was frigid and empty, trash piled against barriers lining the avenues. I was thawing in the...
Perspectives
"Starting today, we must pick ourselves up, dust ourselves off and begin again the work of remaking America." President Barack Obama, in his Inaugural Address "It was an ungracious inaugural. It was pretty clear he was taking shots." Marc...
POTUS Keeps His Precious
Byline: Holly Bailey It could go down as Barack Obama's first presidential triumph. After a fierce negotiation with his handlers, Obama announced that he'd be able to keep his beloved BlackBerry--making him the nation's first e-mailing president....
Recruited for Jihad?
Byline: Dan Ephron And Mark Hosenball; With Michael Isikoff And Scott Johnson About 20 young Somali-American men in Minneapolis have recently vanished. It didn't trouble Burhan Hassan's mother that her son had been spending more time at the Abubakar...
Revisiting 'The Rage of a Privileged Class'
Byline: Ellis Cose Obama's presidency renders absurd the argument that blacks are barred from playing at the highest levels. But do isolated victories add up to systemic change? In "The Rage of a Privileged Class," published in 1993, I argued...
Silicon Valley's Fork in the Road
Byline: Daniel Lyons Unless we spend more on technology and science, companies like Apple, HP and IBM could be eclipsed by foreign rivals. Could Silicon Valley become another Detroit? It's hard to imagine as you crawl along the traffic-choked...
The Case for Derivatives
Byline: Zachary Karabell; Karabell is President of Rivertwice Research. Economist Robert Shiller believes they could help solve the crisis. They've been dubbed financial weapons of mass destruction, attacked for causing the financial turmoil...
The Editor's Desk
Byline: Jon Meacham Barack 0bama sees the world more or less as it is, and seems less susceptible to self-deception and self-delusion than most of us. With the possible exception of genuine saints, everyone is the star of the movie that plays in...
The End of Swagger
Byline: Anna Quindlen The welfare of women should be a key component of American foreign policy. And we've got the woman to make that happen. As Barack Obama and Hillary Rodham Clinton begin to use their uncommon authority and intelligence to...
The Quitter Economy
Companies are liquidating; homeowners are mailing in the keys. Have we given up? EVERYTHING MUST GO!" blares a bright yellow sign at the Circuit City store on Broadway and 80th Street in Manhattan. The revolving doors whir with curious customers...
There's More to Fear Than Fear
Byline: Fareed Zakaria No, we haven't turned the corner on the banking crisis--we can't even see the corner. What's needed is a bold, massive jolt to the system. Franklin Delano Roosevelt's first inaugural address is now known for only one sentence:...
The Steep Price of Secrecy
Byline: Jonathan Alter For Obama's policy to work, officials will have to fear penalties for deciding not to declassify documents. For a long time now, there's been too much secrecy in this city." Those were the most important words President...