23 Facts About Newsweek

Newsweek is an American weekly online news magazine and digital news platform, co-owned 50 percent each by Dev Pragad, its president and CEO, and Johnathan Davis, who has no operational role at Newsweek.

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.

Newsweek continued to experience financial difficulties, which led to the cessation of print publication and a transition to an all-digital format at the end of 2012.

Newsweek obtained financial backing from a group of US stockholders "which included Ward Cheney, of the Cheney silk family, John Hay Whitney, and Paul Mellon, son of Andrew W Mellon".

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Newsweek changed the name to Newsweek, emphasized interpretive stories, introduced signed columns, and launched international editions.

In 1970, Eleanor Holmes Norton represented sixty female employees of Newsweek who had filed a claim with the Equal Employment Opportunity Commission that Newsweek had a policy of only allowing men to be reporters.

The day the claim was filed, Newsweek cover article was "Women in Revolt", covering the feminist movement; the article was written by a woman who had been hired on a freelance basis since there were no female reporters at the magazine.

The new Newsweek moved the "Perspectives" section to the front of the magazine, where it served essentially as a highlight reel of the past week on The Daily Beast.

Brown retained Newsweek focus on in-depth, analytical features and original reporting on politics and world affairs, as well as a new focus on longer fashion and pop culture features.

On July 25,2012, the company operating Newsweek indicated the publication was likely to go digital to cover its losses and could undergo other changes by the next year.

In January 2018, Newsweek offices were raided by the Manhattan District Attorney's office as part of an investigation into co-owner and founder, Etienne Uzac.

Under current co-owner and CEO Dev Pragad, Newsweek has made improvements and the company is growing and profitable.

In 2020, Newsweek's website hit 100 million unique monthly readers, up from seven million at the start of 2017.

Newsweek publishes editions in Japanese, Korean, Polish, Romanian, Spanish, Rioplatense Spanish, Arabic, Turkish, Serbian, as well as an English-language Newsweek International.

In 1970, Eleanor Holmes Norton represented sixty female employees of Newsweek who had filed a claim with the Equal Employment Opportunity Commission that Newsweek had a policy of only allowing men to be reporters.

The day the claim was filed, Newsweek cover article was "Women in Revolt", covering the feminist movement; the article was written by Helen Dudar, a freelancer, on the belief that there were no female writers at the magazine capable of handling the assignment.

Newsweek eventually apologized for the story and in 2010 launched a study that discovered 2 in 3 women who were 40 and single in 1986 had married since.

Newsweek defended the cover's depiction of her, saying its other photos of Bachmann showed similar intensity.

In 2017, Newsweek published a story claiming that the First Lady of Poland refused to shake US President Donald Trump's hand; Snopes described the assertion as "false".

In 2018, Newsweek ran a story asserting that President Trump had wrongly colored the American flag while visiting a classroom; Snopes was unable to corroborate the photographic evidence.

Newsweek journalists have expressed criticism of the editorial quality of reporting under ownership.

In February 2018, under IBT ownership, several Newsweek staff were fired and some resigned stating that management had tried to interfere in with articles about the investigations.