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. 21, November 21

A Silent Film Makes Noise
Byline: Tracy McNicoll In 'The Artist' French star Jean Dujardin channels a bygone Hollywood era. For once the Oscar buzz is louder than the movie. A silent film in black and white, a slim-budget promenade through period Hollywood on the arm...
Channeling Texas's White-Hot Mama
Byline: Nancy Hass Actor Holland Taylor's one-woman show pays tribute to Ann Richards, the legendary governor of Texas. If you had told the actor Holland Taylor five years ago that her identity would be subsumed by Ann Richards, the feisty late...
Crashing the Party
Byline: Andrew Romano Hate all the presidential candidates? Use your browser to build a dream ticket. 'Tis the season for post-partisanship--again. Last week, New York Mayor Mike Bloomberg, the patron saint of anti-Washington babble, flew to...
Europe's Disaster Is Headed Our Way
Byline: Niall Ferguson Can America withstand the death spiral of debt? As an author who has just published a book on the crisis of Western civilization, I couldn't really have asked for more: simultaneous crises in Athens and Rome, the cradles...
George Clooney's Teenage Rebel
Byline: Jaimie Etkin Shailene Woodley makes the leap from a soapy TV series to an A-list film. The roster of George Clooney's leading ladies is formidable: Julia Roberts, Vera Farmiga, Julianna Margulies, to name a few. But in Alexander Payne's...
He Said, She Said, We Shrug
Byline: Kathleen Parker Why Americans can't make up their minds on sexual harassment. Recent reports of Herman Cain's alleged acts of sexual harassment in the 1990s while he was head of the National Restaurant Association have prompted a furious...
Live with Regis & Jerry
TV's ultimate survivor, Regis Philbin, signs off this week. the daytime kibitzer talks to Jerry Seinfeld about what makes a show last--and how to know when to quit. He is, believe it or not, the most enduring act in the history of television, 16,700...
Mad as Bill
Byline: Lloyd Grove Wall Street is occupied. Bipartisan rage is flying. And HBO's Bill Maher says, What took you so long? In many ways, Bill Maher is a testament to the enduring power of the American Dream. As a shy, precocious 10-year-old growing...
Morning TV's Tabloid Turn
Byline: Howard Kurtz As CBS goes serious for sunrise, stars at rival networks grumble about the fluffy fare. For three frustrating DECADES, CBS has been the biggest loser in the morning. Now, rather than trying to beat Today and Good Morning...
My Favorite Mistake
Ricki Lake on falling hard for a jerk she met online. When I was single two years ago, I decided I wanted a boyfriend for my birthday. My friends thought I was crazy for online dating. For somebody famous, it's weird anyway to meet someone, because...
Obama's Lucky Friends
Byline: Peter Schweizer Where did green-energy cash go? Straight to campaign donors. When President-elect Obama came to Washington in late 2008, he was outspoken about the need for an economic stimulus to revive a struggling economy. He wanted...
Open Secrets
Byline: Buzz Bissinger; Buzz Bissinger Is The Sports Columnist For The Daily Beast And A Writer For Vanity Fair. It isn't just Penn State. College sports are a mess. It's time to sideline them. Barry Switzer never had a reputation for candor...
Rap's Everyman
As his latest album drops, Drake, the world's only Jewish Canadian rapper, sounds off on his unlikely ascension into the mainstream. Interview by Marlow Stern Juvenile Star "When I was about 10, my dad would go play a gig at a club and bring...
The Gabby I Know
Byline: Kirsten Gillibrand We went on double dates and fought for families. Then Gabrielle Giffords was shot--and I witnessed my friend's courage up close. A week before the tragic shooting in Arizona, Gabby Giffords and I shared our political...
The Get-Rich Congress
Every member of the House and Senate can trade stocks and make land deals while considering major bills.Our guide to eight who mixed business with governing. Rep. Nancy Pelosi When Visa went public in March 2008, then-Speaker of the House Pelosi...
The Stupid Party
Byline: Paul Begala Republicans used to admire intelligence. But now they're dumbing themselves down. When Rick Perry's bwrain froze at last Wednesday's GOP debate--leaving him unable to name the third of three federal departments he proposes...
The Wonk Who Slays Washington
Byline: Peter J. Boyer Congress is getting rich off Wall Street and Peter Schweizer won't stop until everyone knows it. In the Spring of 2010, a bespectacled, middle-aged policy wonk named Peter Schweizer fired up his laptop and began a months-long...
Welfare for Millionaires
Byline: Daniel Stone and Laura Colarusso A startling new report reveals the billions in government dollars that benefit America's wealthiest citizens. Class warfare is a politically charged term these days, from the Wall Street protests to the...
Whacked!
A slew of controversial characters took a hit last week. GEORGE PAPANDREOU Greek Prime Minister George Papandreou exited stage left after helping secure a bailout deal for his beleaguered country. Dubbed a "madman" by French President Nicolas...