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. 25, December 19

All I Want for Christmas Is A Brand-New Face
Byline: Rebecca Dana We might be cutting back on basics, but we're pouring money into our looks. Can lip injections and butt lifts really save our souls? For christmas this year, 24-year-old Amanda Haack, an optician in suburban Michigan, is...
Could This Be the End of Cancer?
Byline: Sharon Begley It's a disease that kills millions a year and a slew of hoped-for miracle treatments have gone nowhere. Now scientists say vaccines could hold the key--not just to a cure but to wiping out cancer forever. By all rights,...
Fashion Trends
Byline: Robin Givhan Forget Kanye and Gaga. The biggest shake-ups of the year happened far from the runway--and at a computer near you. The fashion industry marks shifts in style by seasons, not years. Yet despite the constant churning of trends,...
He's Baaaaack!
Byline: David Ansen Steven Spielberg gives us a crowd pleaser in 'The Adventures of Tintin' and a tear-jerker with 'War Horse.' Is it too much for one man? For those of us who grew up on the movies of Steven Spielberg, it's hard not to still...
Ian Schrager
Byline: Lloyd Grove Business is good for the legend behind Studio 54. What the hip hotelier thinks of the economy--and Obama's reelection prospects. Four years ago, well before the financial meltdown, you said your gut instinct told you we were...
Joan and Melissa Rivers's Chanukah Gift Guide
Byline: Melissa Goldstein Hilarious holiday picks from the mother-daughter duo. MELISSA: Michael Kors iPhone 4 Clutch "It's your essentials and your phone. It's the greatest thing ever. I fell in love with Michael Kors on the original Fashion...
Mind-Blowing Books of 2011
Simon Schama, Tina Brown and other Newsweek writers share the year's favorite reads. Simon Schama Life by Keith Richards Once asked what I thought was the 20th century's most revealing document, I said, "Keith Richards' face." Life proves...
My Favorite Mistake
Paula Deen on why she was afraid to leave her hometown. The best mistake I ever made was not wanting to move from my hometown of Albany, Ga., to Savannah. It was 1986. My husband was in the car business, and he got a job with Southern Motors, so...
Newt Wants You!
Byline: Peter J. Boyer 'If You're Now The Frontrunner, You've Gotta Expect That Everybody's Gonna Come At You From A Hundred Different Angles. When They Get Done, Are You Still Standing?' Just a few months ago, among those who believed that Newt...
No Alps? No Problem
Byline: Rob Baedeker Late-night slopes in Norway, Club Med China, a Bavarian lodge in New Mexico. The world of strange and extraordinary ski destinations. As of early December, the ski slopes were open--in China and Dubai, but not, alas, in much...
Rush Limbaugh Made Them Do It
Byline: Paul Begala Republicans just opposed a middle-class tax cut--and handed Obama the election. In October, President Obama signed legislation implementing free-trade deals with South Korea, Panama, and Colombia. Bet you probably hadn't heard...
The Incredible Shrinking Superpower
Byline: Niall Ferguson Russia--who cares? With its rampant voter fraud and declining population, the country is careening toward irrelevance. Remember when we all used to care about Russia? Twenty years ago, we held our breath as Communist hardliners...
The Next Roe V. Wade?
Byline: Nancy Hass Jennie McCormack was arrested for terminating her pregnancy with an abortion pill. The case that could transform the reproduction wars. The last thing on Jennie Linn McCormack's mind when she realized she was pregnant was that...
'Tis the Season for Regifting
Byline: Jean Chatzky How can you offload all those gift cards to stores you'd never want to visit? Liberate your wallet this holiday season with the help of a new crop of online gift-card exchanges. What's the most requested gift this holiday...
To Do: Leave White House. Get A Job
Byline: Nick Summers And Mckay Coppins His reelection is down to a coin toss, his mood glum. Eight ideas for Obama's post-POTUS career. At the risk of getting ahead of ourselves: Barack Obama would make a pretty damn good ex-president. We're...
Van der Sloot's New Conquest
Byline: Christopher Dickey and Andrea Zarate The Dutch sociopath accused of murder sits in a dirty Peruvian prison awaiting trial. Has he just charmed another victim? Dr. Mary Hamer, 55, dresses very carefully before she visits the prison. The...
What Would Newt Do?
The surging professor has a long paper trail--and a tendency to test conservative orthodoxy. Where he stands today on the top issues: CHINA Gingrich is less hawkish on China than many of his saber-rattling rivals. He proposes two responses to...
Your Populist Crib Sheet
Update America: Barack Obama just rebranded himself a champion of the middle class. In a Dec. 6 speech, he defended a vision of America where "everyone engages in fair play, everyone gets a fair shot, [and] everyone does their fair share." It's a message...