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. 23, June 6

10 Must-Read Summer Books
Byline: Malcolm Jones And Lucas Wittmann Nazis. Wonder drugs. Uzi-toting mothers. Here's what to pick up this season. Nothing Daunted by Dorothy Wickenden Century-old letters composed in the wilds of Colorado by two young schoolteachers provide...
2012's Cowards
Byline: Howard Kurtz The Republican Party flirts should stop complaining about how tough it is to run for president and get in the game. It is, more politicians are saying, an exercise in craziness that appeals only to the unbalanced. As Mitch...
Are You Ready for More ?
Byline: Sharon Begley In a world of climate change, freak storms are the new normal. Why we're unprepared for the harrowing future. Joplin, Mo., was prepared. The tornado warning system gave residents 24 minutes' notice that a twister was...
Austerity Works
Byline: Niall Ferguson In bemoaning the pain of fiscal responsibility, the Democrats show they still haven't learned the lessons of Europe. To judge by media coverage, President Obama's whistle-stop European tour was largely recreational. In...
Gaga's Oprah Moment
Byline: Ramin Setoodeh The lady's hotter than ever, but not because of her music: She's become an evangelist of self-acceptance, preaching to an audience of outcasts. Lady Gaga has taken a lot of heat lately for "borrowing" Madonna's express-yourself-like-a-virgin...
Interview: Tzipi Livni
Byline: Interview by Michelle Goldberg As President Obama and Israeli Prime Minister Benjamin Netanyahu spar over a plan for the Middle East, Israel's opposition leader talks about her country's future and her own. Are you worried about tension...
Kristen Wiig vs. Jason Sudeikis
Byline: Interview by Marlow Stern The newly minted movie stars on their comedy roots, crazy tabloid rumors & the future After six years together on Saturday Night Live, comedic standouts Kristen Wiig and Jason Sudeikis are making a break...
Let There Be Light
Byline: Blake Gopnik; Find more coverage from the Venice Biennale on thedailybeast.com. An old master teaches new tricks at this year's Venice Biennale--just what we need from art right now. When the crowds throng the June 4 opening of the 54th...
Life as a Hollywood Love Child
Byline: Allegra Huston The Arnold episode is a sequel to my own family drama: at age 12, I learned that my dad, director John Huston, wasn't really my father. "Allegra, I have something to tell you." I was 12 years old when my stepmother,...
Mad as Hell
Byline: Tony Dokoupil The anger that fueled the Arab Spring is now boiling over in Europe. Could club-wielding protesters be in America's future, too? To understand American anger, that roiling storm sometimes dubbed our national "mood," spend...
My Favorite Mistake: James Dyson
James Dyson on his 5,000 missteps while inventing his famous vacuum cleaner. I started with an idea: a vacuum with no bag. The bag was a problem. The bag clogs with dust, the machine wheezes, losing its puff. So, inspired by an industrial cyclone...
The Big Idea: The Facebook Bubble
Byline: Dan Lyons Facebook sometimes seems invincible. The company has 600 million members and raked in $4 billion in revenue last year. But the social-networking juggernaut may be more vulnerable than it appears at first glance. Think of it...
The Right Aims at Texas
Byline: Peter J. Boyer Behind the sudden conservative crush on Gov. Rick Perry--and why he's got Bush on the brain. Texas Gov. Rick Perry met with NEWSWEEK for an interview in his office in the capitol last week, but before the first question...
The Upside of GOP Despair
Byline: Andrew Romano Things look bleak for 2012, but Republicans have talent in the pipeline. Mitt Romney is damaged goods. Tim Pawlenty is a snooze. Newt Gingrich is a mess. And Rick Santorum, Herman Cain, and Ron Paul are unelectable. It's...