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_NEWSWEEK_ is an American weekly news magazine founded in 1933. It was published in four English-language editions and 12 global editions written in the language of the circulation region.

Between 2008 and 2012, _Newsweek_ underwent internal and external contractions designed to shift the magazine's focus and audience while improving its finances. Instead, losses accelerated: revenue dropped 38 percent from 2007 to 2009. The revenue declines prompted an August 2010 sale by owner The Washington Post Company to audio pioneer Sidney Harman —for a purchase price of one dollar and an assumption of the magazine's liabilities.

In November 2010, _Newsweek_ merged with the news and opinion website _ The Daily Beast _, forming The Newsweek Daily Beast Company , after negotiations between the owners of the two publications. Tina Brown
Tina Brown
, _The Daily Beast_'s editor-in-chief, served as the editor of both publications. _Newsweek_ was jointly owned by the estate of the late Harman and the diversified American media and Internet company IAC .

_Newsweek_ ceased print publication with the December 31, 2012, issue and transitioned to an all-digital format, called _ Newsweek
Newsweek
Global_.

On August 3, 2013, IBT Media
IBT Media
announced it had acquired _Newsweek_ from IAC on terms that were not disclosed; the acquisition included the _Newsweek_ brand and its online publication, but did not include _The Daily Beast_. IBT Media
IBT Media
relaunched a print edition of _Newsweek_ on March 7, 2014.

CONTENTS

* 1 Circulation and branches

* 2 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) * 2.6 Spin-off to IBT Media, return to print and profitability (2013–present)

* 3 Highlights and controversies

* 3.1 Allegations of sexism * 3.2 Quran desecration controversy * 3.3 Claims of bias * 3.4 Other

* 4 Contributors and reporters * 5 See also * 6 References * 7 External links

CIRCULATION AND BRANCHES

In 2003, worldwide circulation was more than 4 million, including 2.7 million in the U.S; by 2010 it reduced to 1.5 million (with newsstand sales declining to just over 40,000 copies per week). _Newsweek_ publishes editions in Japanese, Korean, Polish, Spanish, Rioplatense Spanish , Arabic , and Turkish , as well as an English language _ Newsweek
Newsweek
International_. _Russian Newsweek_, published since 2004, was shut in October 2010. _ 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, Los Angeles, Chicago/Detroit, Dallas, Miami, Washington, D.C., Boston and San Francisco, and others overseas in London, Paris, Berlin, Moscow, Jerusalem
Jerusalem
, Baghdad
Baghdad
, Tokyo, Hong Kong, Beijing, South Asia
South Asia
, Cape Town
Cape Town
, Mexico City and Buenos Aires
Buenos Aires
.

According to a 2015 column in the NY Post ("Media Ink": March 6, 2015), _Newsweek_'s circulation had 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 in the next year."

HISTORY

_ Cover of the first issue of News-Week_ magazine

FOUNDING AND EARLY YEARS (1933–1961)

January 16, 1939, cover featuring Felix Frankfurter
Felix Frankfurter

_News-Week_ was launched in 1933 by Thomas J.C. Martyn , a former foreign-news editor for _Time _. He obtained financial backing from a group of U.S. stockholders "which included Ward Cheney , of the Cheney silk family, John Hay Whitney
John Hay Whitney
, and Paul Mellon
Paul Mellon
, son of Andrew W. Mellon ". Paul Mellon's ownership in _Newsweek_ apparently represented "the first attempt of the Mellon family to function journalistically on a national scale." The group of original owners invested around $2.5 million. Other large stockholders prior to 1946 were 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 magazine was dated 17 February 1933. Seven photographs from the week's news were printed on the first issue's cover.

In 1937 _News-Week_ merged with the weekly journal _Today_, which had been founded in 1932 by future New York Governor and diplomat W. Averell Harriman , and Vincent Astor
Vincent Astor
of the prominent Astor family. As a result of the deal, Harriman and Astor provided $600,000 in venture capital funds and Vincent Astor
Vincent Astor
became both the chairman of the board and its principal stockholder between 1937 and his death in 1959.

In 1937 Malcolm Muir took over as president and editor-in-chief. He changed the name to _Newsweek_, emphasized interpretive stories, introduced signed columns, and launched international editions. Over time the magazine developed 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.

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

In 1970, Eleanor Holmes Norton
Eleanor Holmes Norton
represented sixty female employees of _Newsweek_ who had filed a claim with the Equal Employment Opportunity Commission that _Newsweek_ had a policy of only allowing men to be reporters. The women won, and _Newsweek_ agreed to allow women to be reporters. The day the claim was filed, _Newsweek'_s cover article was "Women in Revolt", covering the feminist movement; the article was written by a woman who had been hired on a freelance basis since there were no female reporters at the magazine.

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

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

Smith resigned as board chairman in December 2007.

Restructuring And New Owner (2008–2010)

The first issue released after the magazine switched to an opinion and commentary format.

During 2008–2009, _Newsweek_ undertook a dramatic business restructuring. Citing difficulties in competing with online news sources to provide unique news in a weekly publication, the magazine refocused its content on opinion and commentary beginning with its May 24, 2009, issue. It shrank its subscriber rate base, from 3.1 million to 2.6 million in early 2008, to 1.9 million in July 2009 and then to 1.5 million in January 2010—a decline of 50% in one year. Meacham described his strategy as "counterintuitive" as it involved discouraging renewals and nearly doubling subscription prices as it sought a more affluent subscriber base for its advertisers. During this period, the magazine also laid off staff. While advertising revenues were down almost 50% compared to the prior year, expenses were also diminished, whereby the publishers hoped _Newsweek_ would return to profitability.

The financial results for 2009 as reported by The Washington Post Company showed that advertising revenue for _Newsweek_ was down 37% in 2009 and the magazine division reported an operating loss for 2009 of $29.3 million compared to a loss of $16 million in 2008. During the first quarter of 2010, the magazine lost nearly $11 million.

By May 2010, _Newsweek_ had been losing money for the past two years and was put up for sale. The sale attracted international bidders. One bidder was Syrian entrepreneur Abdulsalam Haykal , CEO of Syrian publishing company Haykal Media, who brought together a coalition of Middle Eastern investors with his company. Haykal later claimed his bid was ignored by _Newsweek_'s bankers, Allen ">'s editor-in-chief, became editor of both publications. The new entity, The Newsweek
Newsweek
Daily Beast Company , was 50% owned by IAC/InterActiveCorp
IAC/InterActiveCorp
and 50% by Harman.

The goal of The Newsweek Daily Beast Company was to have _The Daily Beast_ be a source of instant analysis of 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 direction from her predecessor. Whereas Jon Meacham
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 these issues are still the focus of the magazine). This was evidenced by an increased attention to fashion and pop culture as seen in many of her covers since taking the job.

REDESIGN (2011)

_Newsweek_ was redesigned in March 2011. The new _Newsweek_ moved the "Perspectives" section to the front of the magazine, where it served essentially as a highlight reel of the past week on _The Daily Beast_. More room was made available in the front of the magazine for columnists, editors, and special guests. A new "News Gallery" section featured two-page spreads of photographs from the week with a brief article accompanying each one. The "NewsBeast" section featured short articles, a brief interview with a newsmaker, and several graphs 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 and original reporting on politics and world affairs, as well as a new focus on longer fashion and pop culture features. A larger culture section named "Omnivore" featured art, music, books, film, theater, food, travel, and television, including a weekly "Books" and "Want" section. The back page was reserved for a "My Favorite Mistake" column written by celebrity guest columnists about a mistake they made that defines who they are.

CESSATION OF PRINT FORMAT (2013)

_ The cover of Newsweek_'s final print issue under The Newsweek Daily Beast Company ownership.

On July 25, 2012, the company operating _Newsweek_ indicated the publication was likely to go digital to cover its losses and could undergo other changes by the next year. Barry Diller
Barry Diller
, Chairman of the conglomerate IAC/InterActiveCorp, said his firm was looking at options since its partner in the Newsweek/Daily Beast operation had pulled out.

On October 18, 2012, the company announced that the American print edition would be discontinued at the end of 2012 after 80 years of publication, citing the increasing difficulty of maintaining a paper weekly magazine in the face of declining advertising and subscription revenues and increasing costs for print production and distribution. The online edition is named "_ Newsweek
Newsweek
Global_". The success of the relaunched print edition (see below) suggests that IAC's strategy, which was then consistent with the industry-wide rush to digital, was short sighted. Ironically the last print edition sought to capitalise on 'print fetish' by sensationalising the end of the format.

SPIN-OFF TO IBT MEDIA, RETURN TO PRINT AND PROFITABILITY (2013–PRESENT)

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

On August 3, 2013, IBT Media
IBT Media
acquired _Newsweek_ from IAC on terms that were not disclosed; the acquisition included the _Newsweek_ brand and its online publication, but did not include _The Daily Beast_.

On March 7, 2014, IBT Media
IBT Media
relaunched a print edition of _Newsweek_ with a cover story on the alleged creator of Bitcoin
Bitcoin
, which was widely criticized for its lack of substantive evidence.

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

In January 2015, the Serbian edition of the magazine, _Newsweek Serbia
Serbia
_, was to be relaunched under license to Adria Media Group.

In February 2017, IBT Media
IBT Media
appointed Matt McAllester, then Editor of Newsweek
Newsweek
International, as Global Editor-in-chief
Editor-in-chief
of Newsweek.

HIGHLIGHTS AND CONTROVERSIES

ALLEGATIONS OF SEXISM

In 1970, Eleanor Holmes Norton
Eleanor Holmes Norton
represented sixty female employees of _Newsweek_ who had filed a claim with the Equal Employment Opportunity Commission that _Newsweek_ had a policy of only allowing men to be reporters. The women won, and _Newsweek_ agreed to allow women to be reporters. The day the claim was filed, _Newsweek'_s cover article was "Women in Revolt", covering the feminist movement; the article was written by Helen Dudar , a freelancer, on the belief that there were no female writers at the magazine capable of handling the assignment. Those passed over included Elizabeth Peer , who had spent five years in Paris as a foreign correspondent. The 1986 cover of Newsweek that discussed unmarried women in America.

The 1986 cover of _Newsweek_ featured an article that said "women who weren't married by 40 had a better chance of being killed by a terrorist than of finding a husband". _Newsweek_ eventually apologized for the story and in 2010 launched a study that discovered 2 in 3 women who were 40 and single in 1986 had married since. The story caused a "wave of anxiety" and some "skepticism" amongst professional and highly educated women in the United States
United States
. The article was cited several times in the 1993 Hollywood
Hollywood
film _Sleepless in Seattle _ starring Tom Hanks
Tom Hanks
and Meg Ryan
Meg Ryan
. Comparisons have been made with this article and the current rising issues surrounding the social stigma of unwed women in Asia called _sheng nu _. _ Controversial Newsweek_ cover, November 23, 2009, issue

Former Alaska Governor and 2008 Republican Vice Presidential nominee Sarah Palin
Sarah Palin
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 of Palin in athletic attire and posing. Palin herself, the _ Los Angeles Times
Los Angeles Times
_ and other commentators accused _Newsweek_ of sexism for their choice of cover in the November 23, 2009 issue discussing Palin's book, _Going Rogue: An American Life _. "It's sexist as hell," wrote Lisa Richardson for the _Los Angeles Times_. Taylor Marsh of _ The Huffington Post
The Huffington Post
_ called it "the worst case of pictorial sexism aimed at political character assassination ever done by a traditional media outlet." David Brody of CBN News stated: "This cover should be insulting to women politicians." The cover includes a photo of Palin used in the August 2009 issue of _Runner\'s World _. The photographer may have 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 is uncertain, however, whether this particular use of the photo was prohibited.

Minnesota Republican Congresswoman and presidential candidate Michele Bachmann was featured on the cover of _Newsweek_ magazine in August 2011, dubbed "the Queen of Rage". The photo of her was perceived as unflattering, as it portrayed her with a wide eyed expression some said made her look "crazy". Sources called the depiction "sexist", and Sarah Palin
Sarah Palin
denounced the publication. _Newsweek_ defended the cover's depiction of her, saying its other photos of Bachmann showed similar intensity.

QURAN DESECRATION CONTROVERSY

Main article: 2005 Quran desecration controversy

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

CLAIMS OF BIAS

A 2004 study by Tim Groseclose and Jeff Milyo asserted that _Newsweek_, along with all other mainstream news outlets except for Fox News
Fox News
and the _ Wall Street Journal
Wall Street Journal
_, exhibited a "liberal bias" . However, media watchdog Media Matters for America
Media Matters for America
described Groseclose's and Milyo's study as "riddled with flaws". Eric Alterman , writing for the Center for American Progress , criticized the study for its "shockingly desultory intellectual underpinnings and almost comically obvious ideological imperatives". Berkeley linguist Geoffrey Nunberg stated that Groseclose's and Milyo's work was "based on unsupported, ideology-driven premises" and suffered from "severe issues of data quality".

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

OTHER

Fareed Zakaria
Fareed Zakaria
, a _Newsweek_ columnist and editor of _Newsweek International_, attended a secret meeting on November 29, 2001, with a dozen policy makers, Middle East experts and members of influential policy research organizations that produced a report for President George W. Bush
George W. Bush
and his cabinet outlining a strategy for dealing with Afghanistan
Afghanistan
and the Middle East in the aftermath of September 11, 2001 . The meeting was held at the request of Paul D. Wolfowitz , then the Deputy Secretary of Defense
Deputy Secretary of Defense
. The unusual presence of journalists, who also included Robert D. Kaplan
Robert D. Kaplan
of _ The Atlantic Monthly
The Atlantic Monthly
_, at such a strategy meeting was revealed in Bob Woodward
Bob Woodward
's 2006 book _State of Denial: Bush at War, Part III _. Woodward reported in his book that, according to Mr. Kaplan, everyone at the meeting signed confidentiality agreements not to discuss what happened. Mr. Zakaria told _ The New York Times
The New York Times
_ that he attended the meeting for several hours but did not recall being told that a report for the President would be produced. On October 21, 2006, after verification, the _Times_ published a correction that stated:

An article in Business Day on Oct. 9 about journalists who attended a secret meeting in November 2001 called by Paul D. Wolfowitz, then the deputy secretary of defense, referred incorrectly to the participation of Fareed Zakaria, the editor of _ Newsweek
Newsweek
International_ and a _Newsweek_ columnist. Mr. Zakaria was not told that the meeting would produce a report for the Bush administration, nor did his name appear on the report.

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 dress lifted up by a cursor arrow," and its content, described as "a 5,000-word article on the creepy, sexist culture of the tech industry." Among those offended by the cover were Today Show co-host Tamron Hall
Tamron Hall
, who commented "I think it’s obscene and just despicable, honestly." _Newsweek_ editor in chief James Impoco explained "We came up with an image that we felt represented what that story said about Silicon Valley ... If people get angry, they should be angry." The article's author, Nina Burleigh , asked, "Where were all these offended people when women like Heidi Roizen published accounts of having a venture capitalist stick her hand in his pants under a table while a deal was being discussed?"

In January, 1998, _Newsweek_ reporter Michael Isikoff
Michael Isikoff
was the first reporter to investigate allegations of a sexual relationship between U.S. President Bill Clinton
Bill Clinton
and Monica Lewinsky
Monica Lewinsky
, but the editors spiked the story. The story soon surfaced online in the Drudge Report .

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

CONTRIBUTORS AND REPORTERS

_ This section NEEDS ADDITIONAL CITATIONS FOR VERIFICATION . Please help improve this article by adding citations to reliable sources . Unsourced material may be challenged and removed. (March 2014)_ _(Learn how and when to remove this template message )_

Notable regular contributors to _Newsweek_ have included:

* Shana Alexander * Jonathan Alter
Jonathan Alter
* Elijah Wolfson * David Ansen * Pete Axthelm * Maziar Bahari * Paul Begala * Peter Beinart
Peter Beinart
* Peter Benchley * Ben Bradlee * Dik Browne * Hal Bruno * Eleanor Clift * Arnaud de Borchgrave * Bill Downs
Bill Downs
* Joshua DuBois
Joshua DuBois
* Kurt Eichenwald
Kurt Eichenwald
* Osborn Elliott * Niall Ferguson * Howard Fineman
Howard Fineman

* Nikki Finke * Karl Fleming * Lawrence Fried * Milton Friedman
Milton Friedman
* David Frum
David Frum
* Freeman Fulbright * Robin Givhan
Robin Givhan
* Michelle Goldberg * Meg Greenfield * Henry Hazlitt
Henry Hazlitt
* Wilder Hobson * Michael Isikoff
Michael Isikoff
* Roger Kahn * Jack Kroll * Howard Kurtz
Howard Kurtz
* Eli Lake

* John Lake * Charles Lane * John Lardner * Jon Meacham
Jon Meacham
* Elizabeth Peer * Lynn Povich * Anna Quindlen * Karl Rove
Karl Rove
* Paul Samuelson
Paul Samuelson
* Dick Schaap * Allan Sloan * Andrew Sullivan
Andrew Sullivan
* Michael Tomasky * Peter Turnley * Margaret Warner
Margaret Warner
* Mark Whitaker * George Will
George Will
* Fareed Zakaria
Fareed Zakaria

SEE ALSO

* _Journalism portal

* List of magazines by circulation
List of magazines by circulation
* Newsweek Argentina _ * _ Newsweek Pakistan _ * _Newsweek_ gay actor controversy * _ Russky Newsweek _

REFERENCES

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The Huffington Post
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