About Newsweek USA
Newsweek is an American weekly news magazine founded in 1933.
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.
Between 2008 and 2012, Newsweek experienced financial difficulties, leading to the cessation of print publication and a transition to all-digital format at the end of 2012.
The print edition then relaunched in March 2014 under different ownership.
Revenue declines prompted an August 2010 sale by The Washington Post Company to audio pioneer Sidney Harman—for a purchase price of one dollar and an assumption of the magazine’s liabilities.
Later that year, Newsweek merged with the news and opinion website The Daily Beast, forming The Newsweek Daily Beast Company. Newsweek was jointly owned by the estate of Harman and the diversified American media and Internet company IAC.
In 2013, IBT Media announced it had acquired Newsweek from IAC; the acquisition included the Newsweek brand and its online publication, but did not include The Daily Beast. IBT Media rebranded itself as Newsweek Media Group in 2017 and rebranded back to IBT Media in 2018 after the spin-off. Since then Newsweek has remained an independent publisher.
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October 30, 2020 Edition)
