Newsweek

Editor-in-chief

Jim Impoco

Categories News magazine

Frequency Weekly

Totalcirculation(December2012)

1,528,081[1]

First issue February 17, 1933

Company Newsweek LLC

Country United States

Based in New York City, New York, UnitedStates

Language English

Website newsweek.com (http://newsweek.com)

ISSN 0028-9604 (https://www.worldcat.org/issn/0028-9604)

NewsweekFrom Wikipedia, the free encyclopedia

Newsweek is an American weekly news magazine founded in1933. It was published in four English language editions and12 global editions written in the language of the circulationregion.

Between 2008 and 2012, Newsweek underwent internal andexternal contractions designed to shift the magazine's focusand audience while improving its finances. Instead, lossesaccelerated: revenue dropped 38 percent from 2007 to 2009.The revenue declines prompted an August 2010 sale byowner The Washington Post Company to audio pioneerSidney Harman—for a purchase price of one dollar and anassumption of the magazine's liabilities.[2][3]

In November 2010, Newsweek merged with the news andopinion website The Daily Beast, forming The NewsweekDaily Beast Company, after negotiations between the ownersof the two publications. Tina Brown, The Daily Beast 'seditor-in-chief, served as the editor of both publications.Newsweek was jointly owned by the estate of the late Harmanand the diversified American media and Internet companyIAC.[4][5]

Newsweek ceased print publication with the December 31,2012, issue and transitioned to an all-digital format, calledNewsweek Global.[6][7][8]

On August 3, 2013, IBT Media announced it had acquiredNewsweek from IAC on terms that were not disclosed; the acquisition included the Newsweek brand and itsonline publication, but did not include The Daily Beast.[9] IBT Media relaunched a print edition of Newsweekon March 7, 2014.[10][11]

Contents1 Circulation and branches2 History

2.1 Founding and early years (1933–1961)2.2 Under Post ownership (1961–2010)

2.2.1 Restructuring and new owner (2008–2010)2.3 Merger with The Daily Beast (2010)2.4 Redesign (2011)

2.5 Cessation of print format (2013)

2.5 Cessation of print format (2013)2.6 Spin-off to IBT Media, return to print and profitability (2013–present)

3 Highlights and controversies3.1 Allegations of sexism3.2 Quran desecration controversy3.3 Claims of bias3.4 Other

4 Contributors and reporters5 See also6 References7 External links

Circulation and branchesIn 2003, worldwide circulation was more than 4 million, including 2.7 million in the U.S; by 2010 it reduced to1.5 million (with newsstand sales declining to just over 40,000 copies per week). Newsweek publishes editionsin Japanese, Korean, Polish, Spanish, Rioplatense Spanish, Arabic, and Turkish, as well as an English languageNewsweek International. Russian Newsweek, published since 2004, was shut in October 2010.[12] The Bulletin(an Australian weekly until 2008) incorporated an international news section from Newsweek.

Based in New York City, the magazine claimed 22 bureaus in 2011: nine in the U.S.: New York City, LosAngeles, Chicago/Detroit, Dallas, Miami, Washington, D.C., Boston and San Francisco, and others overseas inLondon, Paris, Berlin, Moscow, Jerusalem, Baghdad, Tokyo, Hong Kong, Beijing, South Asia, Cape Town,Mexico City and Buenos Aires.

According to a published 2015 column in the NY Post("Media Ink": March 6, 2015), Newsweek 's circulationhad fallen to "just over 100,000" with staff at that time numbering "about 60 editorial staffers," up from a low of"less than 30 editorial staffers" in 2013, but with announced plans then to grow the number to "close to 100 inthe next year." [13]

History

Founding and early years (1933–1961)

News-Week was launched in 1933 by Thomas J.C. Martyn, a former foreign-news editor for Time. He obtainedfinancial backing from a group of U.S. stockholders "which included Ward Cheney, of the Cheney silk family,John Hay Whitney, and Paul Mellon, son of Andrew W. Mellon". Paul Mellon's ownership in Newsweekapparently represented "the first attempt of the Mellon family to function journalistically on a nationalscale."[14] The group of original owners invested around $2.5 million. Other large stockholders prior to 1946were public utilities investment banker Stanley Childs and Wall Street corporate lawyer Wilton Lloyd-Smith.

Journalist Samuel T. Williamson served as the first editor-in-chief of Newsweek. The first issue of the magazinewas dated 17 February 1933. Seven photographs from the week's news were printed on the first issue'scover.[15]

Cover of the first issue ofNews-Week magazine

January 16, 1939, coverfeaturing Felix Frankfurter

In 1937 News-Week merged with the weeklyjournal Today, which had been founded in 1932by future New York Governor and diplomat W.Averell Harriman, and Vincent Astor of theprominent Astor family. As a result of the deal,Harriman and Astor provided $600,000 inventure capital funds and Vincent Astorbecame both the chairman of the board and itsprincipal stockholder between 1937 and hisdeath in 1959.

In 1937 Malcolm Muir took over as presidentand editor-in-chief. He changed the name toNewsweek, emphasized interpretive stories,introduced signed columns, and launchedinternational editions. Over time the magazinedeveloped a broad spectrum of material, from

breaking stories and analysis to reviews and commentary.

Under Post ownership (1961–2010)

The magazine was purchased by The Washington Post Company in 1961.[16]

Osborn Elliott was named editor of Newsweek in 1961 and became the editor in chief in 1969.

In 1970, Eleanor Holmes Norton represented sixty female employees of Newsweek who had filed a claim withthe Equal Employment Opportunity Commission that Newsweek had a policy of only allowing men to bereporters.[17] The women won, and Newsweek agreed to allow women to be reporters.[17] The day the claim wasfiled, Newsweek's cover article was "Women in Revolt", covering the feminist movement; the article waswritten by a woman who had been hired on a freelance basis since there were no female reporters at themagazine.[18]

Edward Kosner became editor from 1975 to 1979 after directing the magazine’s extensive coverage of theWatergate scandal that led to the resignation of President Richard Nixon in 1974.

Richard M. Smith became Chairman in 1998, the year that the magazine inaugurated its "Best High Schools inAmerica" list,[19] a ranking of public secondary schools based on the Challenge Index, which measures the ratioof Advanced Placement or International Baccalaureate exams taken by students to the number of graduatingstudents that year, regardless of the scores earned by students or the difficulty in graduating. Schools withaverage SAT scores above 1300 or average ACT scores above 27 are excluded from the list; these arecategorized instead as "Public Elite" High Schools. In 2008, there were 17 Public Elites.[20]

Smith resigned as board chairman in December 2007.[21]

Restructuring and new owner (2008–2010)

The first issue released after themagazine switched to an opinion andcommentary format.

During 2008–2009, Newsweek undertook a dramatic businessrestructuring.[22][23] Citing difficulties in competing with online newssources to provide unique news in a weekly publication, the magazinerefocused its content on opinion and commentary beginning with itsMay 24, 2009, issue. It shrank its subscriber rate base, from 3.1 millionto 2.6 million in early 2008, to 1.9 million in July 2009 and then to 1.5million in January 2010—a decline of 50% in one year. Meachamdescribed his strategy as "counterintuitive" as it involved discouragingrenewals and nearly doubling subscription prices as it sought a moreaffluent subscriber base for its advertisers.[24] During this period, themagazine also laid off staff. While advertising revenues were downalmost 50% compared to the prior year, expenses were also diminished,whereby the publishers hoped Newsweek would return toprofitability.[25]

The financial results for 2009 as reported by The Washington PostCompany showed that advertising revenue for Newsweek was down37% in 2009 and the magazine division reported an operating loss for2009 of $29.3 million compared to a loss of $16 million in 2008.[26]

During the first quarter of 2010, the magazine lost nearly $11million.[27]

By May 2010, Newsweek had been losing money for the past two years and was put up for sale.[28] The saleattracted international bidders. One bidder was Syrian entrepreneur Abdulsalam Haykal, CEO of Syrianpublishing company Haykal Media, who brought together a coalition of Middle Eastern investors with hiscompany. Haykal later claimed his bid was ignored by Newsweek 's bankers, Allen & Co.[29]

The magazine was sold to audio pioneer Sidney Harman on August 2, 2010, for $1 in exchange for assumingthe magazine's financial liabilities.[3][30] Harman's bid was accepted over three competitors.[31] Meacham leftthe magazine upon completion of the sale. Sidney Harman was the husband of Jane Harman, at that time amember of Congress from California.

Merger with The Daily Beast (2010)

At the end of 2010, Newsweek merged with the online publication The Daily Beast, following extensivenegotiations between the respective proprietors. Tina Brown, The Daily Beast 's editor-in-chief, became editor ofboth publications. The new entity, The Newsweek Daily Beast Company, was 50% owned byIAC/InterActiveCorp and 50% by Harman.[4][5][32]

The goal of The Newsweek Daily Beast Company was to have The Daily Beast be a source of instant analysisof the news, while Newsweek would serve to take a look at the bigger picture, provide deeper analysis, and"connect the dots," in the words of Harman, and for both publications to ultimately be profitable.

During her tenure as editor-in-chief of Newsweek, Brown has taken the news weekly in a different directionfrom her predecessor. Whereas Jon Meacham looked to make the focus solely on politics and world affairs,Brown brought the focus back onto all of current events, not just politics, business, and world affairs (although

The cover of Newsweek 's final printissue under The Newsweek DailyBeast Company ownership.

these issues are still the focus of the magazine). This was evidenced by an increased attention to fashion andpop culture as seen in many of her covers since taking the job.

Redesign (2011)

Newsweek was redesigned in March 2011.[33] The new Newsweek moved the "Perspectives" section to the frontof the magazine, where it served essentially as a highlight reel of the past week on The Daily Beast. More roomwas made available in the front of the magazine for columnists, editors, and special guests. A new "NewsGallery" section featured two-page spreads of photographs from the week with a brief article accompanyingeach one. The "NewsBeast" section featured short articles, a brief interview with a newsmaker, and severalgraphs and charts for quick reading in the style of The Daily Beast. This is where the Newsweek staple"Conventional Wisdom" was located. Brown retained Newsweek 's focus on in-depth, analytical features andoriginal reporting on politics and world affairs, as well as a new focus on longer fashion and pop culturefeatures. A larger culture section named "Omnivore" featured art, music, books, film, theater, food, travel, andtelevision, including a weekly "Books" and "Want" section. The back page was reserved for a "My FavoriteMistake" column written by celebrity guest columnists about a mistake they made that defines who they are.[33]

Cessation of print format (2013)

On July 25, 2012, the company operating Newsweek indicated thepublication was likely to go digital to cover its losses and could undergoother changes by the next year. Barry Diller, Chairman of theconglomerate IAC/InterActiveCorp, said his firm was looking at optionssince its partner in the Newsweek/Daily Beast operation had pulledout.[34]

On October 18, 2012, the company announced that the American printedition would be discontinued at the end of 2012 after 80 years ofpublication, citing the increasing difficulty of maintaining a paperweekly magazine in the face of declining advertising and subscriptionrevenues and increasing costs for print production and distribution.[6]

The online edition is named "Newsweek Global".[8] The magazine is stillavailable in hardcopy in the UK and Europe, but is published by adifferent company, AG Castillo Media Ltd. of London, under licensefrom the Newsweek/Daily Beast company.

Spin-off to IBT Media, return to print and profitability(2013–present)

In April 2013, IAC Chairman and Founder Barry Diller stated at the Milken Global Conference that he "wishedhe hadn't bought" Newsweek because his company had lost money on the magazine and called the purchase a"mistake" and a "fool's errand."[35]

On August 3, 2013, IBT Media acquired Newsweek from IAC on terms that were not disclosed; the acquisitionincluded the Newsweek brand and its online publication, but did not include The Daily Beast.[9]

The 1986 cover ofNewsweek that discussedunmarried women inAmerica.

On March 7, 2014, IBT Media relaunched a print edition of Newsweek[10] with a cover story on the allegedcreator of Bitcoin, which was widely criticized for its lack of substantive evidence.[11]

IBT Media returned the publication to profitability on October 8, 2014.[36]

In January 2015, the Serbian edition of the magazine, Newsweek Serbia, was to be relaunched under license toAdria Media Group.[37]

Highlights and controversies

Allegations of sexism

In 1970, Eleanor Holmes Norton represented sixty female employees of Newsweek who had filed a claim withthe Equal Employment Opportunity Commission that Newsweek had a policy of only allowing men to bereporters.[17] The women won, and Newsweek agreed to allow women to be reporters.[17] The day the claim wasfiled, Newsweek's cover article was "Women in Revolt", covering the feminist movement; the article waswritten by Helen Dudar, a freelancer, on the belief that there were no female writers at the magazine capable ofhandling the assignment. Those passed over included Elizabeth Peer, who had spent five years in Paris as aforeign correspondent.[38]

The 1986 cover of Newsweek featured an article that said "women who weren'tmarried by 40 had a better chance of being killed by a terrorist than of finding ahusband".[39][40] Newsweek eventually apologized for the story and in 2010launched a study that discovered 2 in 3 women who were 40 and single in 1986 hadmarried since.[39][41] The story caused a "wave of anxiety" and some "skepticism"amongst professional and highly educated women in the United States.[39][41] Thearticle was cited several times in the 1993 Hollywood film Sleepless in Seattlestarring Tom Hanks and Meg Ryan.[39][42] Comparisons have been made with thisarticle and the current rising issues surrounding the social stigma of unwed womenin Asia called sheng nu.[39]

Former Alaska Governor and 2008 Republican Vice Presidential nominee SarahPalin was featured on the cover of the November 23, 2009, issue of Newsweek,with the caption "How do you Solve a Problem Like Sarah?" featuring an image ofPalin in athletic attire and posing. Palin herself, the Los Angeles Times and othercommentators accused Newsweek of sexism for their choice of cover in theNovember 23, 2009 issue discussing Palin's book, Going Rogue: An American Life. "It's sexist as hell," wroteLisa Richardson for the Los Angeles Times.[43] Taylor Marsh of The Huffington Post called it "the worst case ofpictorial sexism aimed at political character assassination ever done by a traditional media outlet."[44] DavidBrody of CBN News stated: "This cover should be insulting to women politicians."[45] The cover includes aphoto of Palin used in the August 2009 issue of Runner's World.[46][47][48] The photographer may have

Controversial Newsweekcover, November 23,2009, issue

breached his contract with Runner's World when he permitted its use in Newsweek,as Runner's World maintained certain rights to the photo until August 2010. It isuncertain, however, whether this particular use of the photo was prohibited.[49]

Minnesota Republican Congresswoman and presidential candidate MicheleBachmann was featured on the cover of Newsweek magazine in August 2011,dubbed "the Queen of Rage".[50] The photo of her was perceived as unflattering, asit portrayed her with a wide eyed expression some said made her look "crazy".[51]

Sources called the depiction "sexist",[52] and Sarah Palin denounced thepublication. Newsweek defended the cover's depiction of her, saying its otherphotos of Bachmann showed similar intensity.[53]

Quran desecration controversy

In the May 9, 2005, issue of Newsweek, an article by reporter Michael Isikoff stated that interrogators atGuantanamo Bay "in an attempt to rattle suspects, flushed a Qur'an down a toilet." Detainees had earlier madesimilar complaints but this was the first time a government source had appeared to confirm the story. The newswas reported to be a cause of widespread rioting and massive anti-American protests throughout some parts ofthe Islamic world (causing at least 15 deaths in Afghanistan).[54]

Claims of bias

A 2004 study by Tim Groseclose and Jeff Milyo asserted that Newsweek, along with all other mainstream newsoutlets except for Fox News and the Wall Street Journal, exhibited a "liberal bias" .[55][56] However, mediawatchdog Media Matters for America described Groseclose's and Milyo's study as "riddled with flaws".[57] EricAlterman, writing for the Center for American Progress, criticized the study for its "shockingly desultoryintellectual underpinnings and almost comically obvious ideological imperatives".[58] Berkeley linguistGeoffrey Nunberg stated that Groseclose's and Milyo's work was "based on unsupported, ideology-drivenpremises" and suffered from "severe issues of data quality".[58][59]

Newsweek 's Washington Bureau Chief and later Assistant Managing Editor Evan Thomas stated: "I thinkNewsweek is a little liberal," and, in 1996, "there is a liberal bias at Newsweek, the magazine I work for."[60]

Other

Fareed Zakaria, a Newsweek columnist and editor of Newsweek International, attended a secret meeting onNovember 29, 2001, with a dozen policy makers, Middle East experts and members of influential policyresearch organizations that produced a report for President George W. Bush and his cabinet outlining a strategyfor dealing with Afghanistan and the Middle East in the aftermath of September 11, 2001. The meeting washeld at the request of Paul D. Wolfowitz, then the Deputy Secretary of Defense. The unusual presence ofjournalists, who also included Robert D. Kaplan of The Atlantic Monthly, at such a strategy meeting wasrevealed in Bob Woodward's 2006 book State of Denial: Bush at War, Part III. Woodward reported in his bookthat, according to Mr. Kaplan, everyone at the meeting signed confidentiality agreements not to discuss what

happened. Mr. Zakaria told The New York Times that he attended the meeting for several hours but did not recallbeing told that a report for the President would be produced.[61] On October 21, 2006, after verification, theTimes published a correction that stated:

An article in Business Day on Oct. 9 about journalists who attended a secret meeting in November2001 called by Paul D. Wolfowitz, then the deputy secretary of defense, referred incorrectly to theparticipation of Fareed Zakaria, the editor of Newsweek International and a Newsweek columnist.Mr. Zakaria was not told that the meeting would produce a report for the Bush administration, nordid his name appear on the report.[61]

The cover story of the January 15, 2015, issue, titled What Silicon Valley Thinks of Women proved controversial,due to both its illustration, described as "the cartoon of a faceless female in spiky red heels, having her dresslifted up by a cursor arrow," and its content, described as "a 5,000-word article on the creepy, sexist culture ofthe tech industry."[62][63] Among those offended by the cover were Today Show co-host Tamron Hall, whocommented "I think it’s obscene and just despicable, honestly." Newsweek editor in chief James Impocoexplained "We came up with an image that we felt represented what that story said about Silicon Valley ... Ifpeople get angry, they should be angry."[63] The article's author, Nina Burleigh, asked, "Where were all theseoffended people when women like Heidi Roizen published accounts of having a venture capitalist stick her handin his pants under a table while a deal was being discussed?"[64]

In January, 1998, Newsweek reporter Michael Isikoff was the first reporter to investigate allegations of a sexualrelationship between U.S. President Bill Clinton and Monica Lewinsky, but the editors spiked the story.[65] Thestory soon surfaced online in the Drudge Report.

In the 2008 U.S. presidential election, the John McCain campaign wrote a lengthy letter to the editor criticizinga cover story in May 2008.[66]

Contributors and reportersNotable regular contributors to Newsweek have included:

Shana AlexanderJonathan AlterDavid AnsenPete AxthelmMaziar BahariPaul BegalaPeter BeinartPeter BenchleyBen BradleeDik BrowneHal BrunoEleanor CliftArnaud de Borchgrave

Nikki FinkeKarl FlemingLawrence FriedMilton FriedmanDavid FrumFreeman FulbrightRobin GivhanMichelle GoldbergMeg GreenfieldHenry HazlittWilder HobsonMichael IsikoffRoger Kahn

John LakeCharles LaneJohn LardnerJon MeachamElizabeth PeerLynn PovichAnna QuindlenKarl RovePaul Samuelson[67]

Dick SchaapAllan SloanAndrew SullivanMichael Tomasky

Bill DownsJoshua DuBoisOsborn ElliottNiall FergusonHoward Fineman

Jack KrollHoward KurtzEli Lake

Peter TurnleyMargaret WarnerMark WhitakerGeorge WillFareed Zakaria

See alsoList of magazines by circulationNewsweek ArgentinaNewsweek PakistanNewsweek gay actor controversyRussky Newsweek

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External linksOfficial website (http://www.newsweek.com/)NewsweekVideo's Channel (https://www.youtube.com/NewsweekVideo)Graham Holdings Company (http://www.ghco.com/)History and Demographics of Newsweek (http://www.magsdirect.com/newsweek-magazine.html)

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