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. 157, No. 19, May 9

An Empty Offer from the Super-Rich
Byline: Gary Rivlin It's easy for Mark Zuckerberg to say he's 'cool' with raising income-tax rates. Because it won't affect him. It drives economist Bruce Bartlett crazy every time he hears another bazillionaire announce he's in favor of paying...
Back to School for the Billionaires
Byline: Rita Beamish Center for Public Integrity; With Laura M. Colarusso They hoped their cash could transform failing classrooms. They were wrong. NEWSWEEK investigates what their money bought. The richest man in America stepped to the podium...
Branagh Meets Comic-Book Hero
Byline: Chris Lee What drew a Shakespearean master to a flashy blockbuster about Viking mythology? You'd be forgiven for wondering what precisely is up with Kenneth Branagh directing Marvel Studios' new superhero flick Thor, a flashy $150 million...
Daddy Was a Movie Star
Byline: Malcolm Jones Cary Grant's daughter has a new memoir that reveals him to be a doting mensch at home. Cary Grant was not perfect. Now we know. In her memoir, Good Stuff, his daughter, Jennifer, reveals that he was always grumpy for several...
Dreams of His Mother
Byline: Stacy Schiff If you want to understand what shaped our president, don't look to his father's disappearance. It was his unconventional mother who made him. In 1960, before the Civil Rights Act, before the women's movement, a smart, white...
Grading the Moneymen
Corporate titans spent a fortune on schools. Their reform report cards: Michael & Susan Dell Foundation $400 million Austin, Texas, in 1999 To improve education for the urban poor through charters, school leadership programs, and data systems...
How to Be a Real Man
Byline: Dan Mulhern The old rules don't work--as I've learned being married to a powerful woman. Here's what I'm telling our son about modern manhood. Editor's note: Mulhern is married to star Democrat Jennifer Granholm, the former governor of...
Interview: Christina Romer
Byline: Gary Rivlin Obama's former top economic adviser talks about the desperate job market--and why she's glad she's out of Washington. Your area of expertise is the Great Depression. Do you see parallels between today and the 1930s? I do....
Is Sarah Palin Over?
Byline: Howard Kurtz As her presidential poll numbers shrink, her Fox ratings and her media profile are waning. There was a sense of celebration in the air when Fox News struck a $3 million deal with Sarah Palin, beating out a slew of networks,...
My Favorite Mistake: Stevie Nicks
Byline: Stevie Nicks On the shrink who almost ruined her life. The biggest mistake I ever made was giving in to my friends and going to see a psychiatrist. It was in the mid-1980s, and I had just gotten out of Betty Ford. I was feeling buoyant...
Notes from a Royal Wedding
Byline: Tina Brown William and Kate are a thoroughly modern couple, but their soap opera looked mighty familiar-with a few twists. The great thing about a royal wedding is that it's the ultimate national Groundhog Day. All those cartoon faces...
Obama's Collapsing Base
The president can't catch a break. Republicans loathe him, and now even old pals are bailing on the onetime Teflon commander in chief. Why are Obama's allies turning against him? Hedge Funders BACK in 2008, hedge-fund managers gave overwhelmingly...
Reality TV Trashes Black Women
Byline: Allison Samuels An unsettling new formula: Eye-rolling, finger-snapping stereotypes. Donald Trump's birther battle with President Obama may have captured all the headlines, but the drama that's really had Trump viewers glued to their...
Sticker Shock
Byline: Niall Ferguson The Fed may deny it, but Americans know that prices are rising. Inflation is back. "I can't eat an iPad." This could go down in history as the line that launched the great inflation of the 2010s. Back in March, the president...
The Democrats' Last, Best Hope
Byline: Andrew Romano Sen. Jon Tester hunts, farms, has seven fingers, and could well determine his party's fate in 2012. So why are they calling him a sellout? Jon Tester, United States senator, is face down in the mud. Earlier today, Tester...
The Lost Girl
Byline: Peter Pomerantsev; Pomerantsev is a television producer and nonfiction writer. Why did a supermodel at the top of her game--hauntingly beautiful and only 20--kill herself in 2008? A filmmaker describes his three-year quest for clues, and...
The Politics of Contempt
Why do so many Americans apparently long to be led by a super-rich yahoo? Of the things Donald Trump has said since he began hinting at a presidential candidacy, the one that most requires challenging is his assertion that people keep asking him...