News tagged with newsweek

Newsweek is an American weekly news magazine published in New York City. It is distributed throughout the United States and internationally. 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. Newsweek is published in four English language editions and 12 global editions written in the language of the circulation region.

Since 2008, Newsweek has undergone a series of internal and external contractions designed to shift the magazine's focus and audience while shoring up the title's finances. Instead, losses at the newsweekly accelerated: revenue dropped 38 percent from 2007 to 2009. The revenue freefall prompted an August 2010 sale by owner The Washington Post Company to 92-year-old audio pioneer Sidney Harman—reportedly for a purchase price of $1.00 and an assumption of the magazine's liabilities. Editor Jon Meacham departed from the magazine upon completion of the sale.

In November 2010 Newsweek merged with the news and opinion website The Daily Beast after extensive negotiations between the proprietors of the respective publications. Tina Brown, The Daily Beast's editor-in-chief was expected to serve as the editor of both publications. Newsweek is jointly owned by Harman and IAC.