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. 12, September 19

Agent Provocateur
Byline: Jacob Bernstein Hilarious, bombastic Franca Sozzani, editor of Italian Vogue, has shocked the fashion world-- and made a fortune in the process. For the past six months, the fashion world has been consumed by speculation about who will...
America Needs Its Edge Back
Byline: Michael Tomasky Obama is right. We need new roads and schools. But the Tea Partiers will fight him all the way. Finally, Barack Obama found the passion. "Building a world-class transportation system is part of what made us an economic...
A To-Do List for America
Byline: Joanne Lipman Here's what execs with proven track records think should be done. President Obama finally gave the jobs speech he should have given on day one of his presidency. Too bad Americans by now have thrown up their hands when it...
Citizens, It's Down to You
Byline: Christopher Dickey Tired of waiting for Washington? Good old American innovation is the answer. Americans are, by nature, self-reliant. They've always been that way, and most would prefer to stay that way. But there are limits. "Yes,...
Cory Booker Schools America
Byline: Christopher Dickey Newark's Mayor is a realist who talks like an idealist. His take on the state of disunion. HIJACKING DEMOCRACY I thought [Obama's jobs speech] was great, I thought he was right on on the important points. But the...
I [Heart] Government
Byline: Paul Begala With everyone from Rick Perry to Barack Obama bashing Big Gummint, the time has come to defend it. Wildfires have consumed 3.6 million acres in my home state of Texas since December 2010. That's about the size of the entire...
Interview: The Moneyball Manager
Byline: Nick Summers Baseball brainiac Billy Beane is being played by Brad Pitt on the big screen. The subtitle of the book Moneyball is The Art of Winning an Unfair Game. How fair is major-league baseball today? Let's put it this way. It's not...
Is Israel Over?
Byline: Benny Morris; Morris is an Israeli historian. No longer the liberal, democratic, egalitarian society it once was, Israel is fighting the Arabs--and itself. Israel is under assault. On Sept. 20 the Palestinian Authority plans to unilaterally...
Jim Webb's Last Crusade
Byline: Andrew Romano One in 31 Americans is lost in the criminal-justice system. As his senate career winds down, Webb is determined to change that. Jim Webb is in jail. This is not because an aide to the combustible Virginia senator was caught...
Michelle Bachelet Has a Mission
The U.N. tapped Chile's former president to help women. Will politicians let her succeed? United Nations Secretary-General Ban Ki-moon called July 2, 2010, a "watershed day." That was when the General Assembly approved the creation of the United...
Mr. President, We Need a 10-Year Plan
Byline: Lawrence Summers America is collapsing. Shovel-ready projects won't cut it, says Lawrence Summers, former treasury secretary. We need not a one-year but a 10-year commitment to rebuilding the country. President Obama's jobs speech focused...
My Favorite Mistake
Byline: Carrie Fischer Carrie Fisher on how George Lucas stole her identity. Interview by Ramin Setoodeh When I was 19, I was cast as Princess Leia in Star Wars. The mistake was I signed away my likeness for free. In those days, there was...
Party Hard, Study Harder
Byline: Nick Summers The stakes are getting higher for U.S. college students in programs abroad--and it's not just about going wild overseas. "In every study-abroad program, you're going to find students who just want to drink and sleep around,"...
Pearl Jam Bares All
Byline: Lorraine Ali Twenty years after their breakout album, the band stars in a great rock doc. In a new documentary by filmmaker Cameron Crowe, we're taken back to the creative, albeit destructive, era that gave rise to Pearl Jam. "Here's...
Personal Finance: How to Live like Kate
Byline: Jean Chatzky Want to weather the recession with style? Tips on how to satisfy your inner royal from the Duchess of Cambridge. In early august, Kate Middleton was photographed stocking up on food (and pushing her own cart, no less) at...
Sex & Style in the Newsroom
Byline: Lynn Yaeger 'The Hour' is being called the British 'Mad Men,' with one big difference: fashion anyone can wear. Is a furtive discomfort with our own lax and shaggy times behind the current affection for the corseted silhouettes of the...
Texting Makes U Stupid
Byline: Niall Ferguson The U.S. is producing civilizational illiterates. How will they compete against America's global rivals? The good news is that today's teenagers are avid readers and prolific writers. The bad news is that what they are...
The Mother of My Children
Byline: Maria Elena Fernandez As TV's most iconic soap opera signs off, its creator, Agnes Nixon, reflects on four decades of drama. There's a reason All My Children actor David Canary calls the soap's 83-year-old creator, Agnes Nixon, "a wonderful...
The NFL Economy
The NFL Economy Forget the lockout--pro football is back. From television contracts to Buffalo wings, here's how the pigskin scores big bucks. $11 billion Expected revenue for the NFL this year PLAYERS $23 million Salary for highest-paidplayer,...
The Real Fixers
They're your neighbors, your friends, your colleagues. From keeping kids in school to rebuilding devastated cities, they're rolling up their sleeves and getting things done. The Urban Renewer: John Fetterman When Braddock, Pa.'s eccentric mayor,...
What the Emmy Stars Watch
As TV's big awards show approaches on Sept. 18, we polled past favorites and current nominees on their viewing habits--and guilty pleasures. ELISABETH MOSS NOMINEE, MAD MEN Childhood Favorites I was super into old shows: I Love Lucy, The Dick...
Whitey's Payback
Byline: T. J. English; English is the author of The Savage City. Mob boss Whitey Bulger might be behind bars, but as his trial approaches, former associates, FBI agents, and victims' families speak about why he might get away and how Boston has...