Other large stockholders prior to 1946 were public utilities investment banker Stanley Childs and Wall Street corporate lawyer Wilton Lloyd-Smith. Sarah Palin hates her 'sexist' Newsweek cover. and the removal of servers from company offices. Newsweek was a widely distributed newsweekly through the 20th century, with many notable editors-in-chief throughout the years.Newsweek was acquired by The Washington Post Company in 1961, under whose ownership it remained until 2010. Newsweek was a widely distributed newsweekly through the 20th century, with many notable editors-in-chief throughout the years. The Newsweek Daily Beast Company LLC was an American media company, and owner of Newsweek and The Daily Beast.It was established in 2010 as a merger between the two media outlets. [59] Newsweek corrected its story. [14], During 2008–2009, Newsweek undertook a dramatic business restructuring. In August 2020, just after Kamala Harris was picked as running-mate by Joe Biden for the presidential election, Newsweek published an opinion piece by John C. Eastman, a law professor and former Dean of Chapman University Law School. The back page was reserved for a "My Favorite Mistake" column written by celebrity guest columnists about a mistake they made that helped shape who they are. Journalist Samuel T. Williamson served as the first editor-in-chief of Newsweek. Palin herself, the 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. Political commentator Dan Bongino co-owns the platform. The New York Observer's Nick Summers reported Thursday evening that the two publications, which had called off a previous round of merger discussions last month, will announce a deal Friday morning that would bring Daily Beast editor Tina Brown back to the magazine world as the editor of the merged publication. Part of HuffPost Media. In the 2008 U.S. presidential election, the John McCain campaign wrote a lengthy letter to the editor criticizing a cover story in May 2008. [18], 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. She said the final details of the merger were only completed on Wednesday. [34], IBT Media became known as Newsweek Media Group in 2017 and changed back its name to IBT Media after the spin-off (September, 2018).[35]. [61], In 2018, former Newsweek journalist Jonathan Alter wrote in The Atlantic that since being sold to the International Business Times in 2013 that the magazine had "produced some strong journalism and plenty of clickbait before becoming a painful embarrassment to anyone who toiled there in its golden age".
Polls showed that the party was far away from winning a majority. [24] Meacham left the magazine upon completion of the sale. Newsweek editors rejected the pitch."[73].
Newsweek was jointly owned by the estate of Harman and the diversified American media and Internet company IAC.
[19] During the first quarter of 2010, the magazine lost nearly $11 million. 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. 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. Seven photographs from the week's news were printed on the first issue's cover. A Manhattan investigation had led to charges against Etienne Uzac, who co-owned IBT Media, and another media executive.
[62] Former Newsweek writer Matthew Cooper criticized Newsweek for running multiple inaccurate stories in 2018. All rights reserved. [8], 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 of the prominent Astor family. This idea was contradictory with American jurisprudence since at least 1898 (the Wong Kim Ark ruling), and the opinion piece was heavily criticized by law experts and readers. She told NPR's Steve Inskeep that magazines are in a "parlous condition," but that she had "never been someone who kissed off the world of print. A Newsweek spokesperson responded that Haddad "pitched a conspiracy theory rather than an idea for objective reporting.
[2][23] Harman's bid was accepted over three competitors. The Wrap and The New York Times both reported later Thursday that the tentative deal was set to be announced Friday, but was not yet finalized. Schools with average SAT scores above 1300 or average ACT scores above 27 are excluded from the list; these are categorized instead as "Public Elite" High Schools. [7] The group of original owners invested around $2.5 million. [67] 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 International and a Newsweek columnist. ", "Sweden's election is being misreported abroad – and this is a problem", "From Expensing Yachts to Chasing The Onion: I Watched the Newsweekly Die From the Inside", "Newsweek Fires Editors and Reporter Who Investigated the Company", "Why are Newsweek's new owners so anxious to hide their ties to an enigmatic religious figure? The first issue of the magazine was dated February 17, 1933. Money ostensibly borrowed for office equipment was used for other purposes, according to the charges.