Newsweek magazine
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| Editor-in-chief | Jim Impoco |
|---|---|
| Categories | News magazine |
| Frequency | Weekly |
| Total circulation (December 2012) |
1,528,081 |
| First issue | February 17, 1933 |
| Company | Newsweek LLC |
| Country | United States |
| Based in | New York City, New York, United States |
| Language | English |
| Website | newsweek |
| ISSN | 0028-9604 |
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, 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 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.
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 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.
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