Newsweek

Newsweek is an American weekly news magazine founded in 1933. Its print edition is available in English in the United States, Pakistan, Europe, Middle East and Africa. It is also available in Japanese in Japan, in Serbian in Serbia, in Polish in Poland, in Korean in Korea and in Spanish in all Spanish speaking countries. It is the second-largest news weekly magazine in the U.S., having trailed Time in circulation and advertising revenue for most of its existence. It is 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 92-year-old audio pioneer Sidney Harman—for a purchase price of $1.00 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, The Daily Beast 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 Internet company IAC. In October 2012, Brown announced that Newsweek would cease print publication with the December 31, 2012, issue and transition to an all-digital format, to be called Newsweek Global. On August 3, 2013, 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 relaunched a print edition of Newsweek on March 7, 2014.