It is currently co-owned by Dev Pragad, the president and chief executive officer (CEO), and Johnathan Davis, who sits on the board; each owning 50% of the company.
[7] In August 2010, revenue decline prompted the Washington Post Company to sell the publication to the audio pioneer Sidney Harman for one US dollar and an assumption of the magazine's liabilities.
[9][10] Newsweek continued to experience financial difficulties leading to the cessation of print publication and a transition to an all-digital format at the end of 2012.
The split was accomplished one day before the district attorney of Manhattan indicted Etienne Uzac, the co-owner of IBT Media, on fraud charges.
Other large stockholders prior to 1946 were public utilities investment banker Stanley Childs and Wall Street corporate lawyer Wilton Lloyd-Smith.
[22] Edward Kosner became editor from 1975 to 1979 after directing the magazine's extensive coverage of the Watergate scandal that led to the resignation of President Richard Nixon in 1974.
[37] The new Newsweek moved the "Perspectives" section to the front of the magazine, where it served as a summary of the past week's news reported on by The Daily Beast.
The "NewsBeast" section featured short articles, a brief interview with a newsmaker, and several graphs and charts for quick reading in the style of The Daily Beast.
[40] In April 2013, IAC chairman and founder Barry Diller said at the Milken Global Conference that he "wished he hadn't bought" Newsweek because his company had lost money on the magazine and called the purchase a "mistake" and a "fool's errand".
[11] On March 7, 2014, IBT Media relaunched a print edition of Newsweek[42] with a cover story on the alleged creator of Bitcoin that was criticized for lacking substantive evidence.
[54][57] Comparisons have been made with this article and the current rising issues surrounding the social stigma of unwed women in Asia called sheng nu.
[58] Taylor Marsh of The Huffington Post called it "the worst case of pictorial sexism aimed at political character assassination ever done by a traditional media outlet".
[64] Minnesota Republican Congresswoman and presidential candidate Michele Bachmann was featured on the cover of Newsweek magazine in August 2011, dubbed "the Queen of Rage".
[75] In 2017, Newsweek published a story claiming that the First Lady of Poland refused to shake U.S. President Donald Trump's hand; fact-checking website Snopes described the assertion as "false".
[76] In 2018, Newsweek ran a story alleging that President Trump had colored the American flag incorrectly while visiting a classroom; Snopes was unable to corroborate the photographic evidence.
The claim was widely shared on social media, including by actresses Trudie Styler, Sophie Turner and Viola Davis, and Canadian prime minister Justin Trudeau.
[79][80] In October 2023, Newsweek incorrectly reported that a viral video of U.S. senator Tommy Tuberville falling down a flight of stairs while exiting an airplane had been recorded that month.
[13] IBT, which owned Newsweek at the time, had been under scrutiny for its ties to David Jang,[13] a South Korean pastor and the leader of a Christian sect called "the Community".
[82] In February 2018, under IBT ownership, several Newsweek staff were fired and some resigned stating that management had tried to interfere in articles about the investigations.
[13][83][84] Fareed Zakaria, a Newsweek columnist and editor of Newsweek International, attended a secret meeting on November 29, 2001, with a dozen policy makers, Middle East experts and members of influential policy research organizations that produced a report for President George W. Bush and his cabinet outlining a strategy for dealing with Afghanistan and the Middle East in the aftermath of September 11, 2001.
The unusual presence of journalists, who also included Robert D. Kaplan of The Atlantic Monthly, at such a strategy meeting was revealed in Bob Woodward's 2006 book State of Denial: Bush at War, Part III.
[85]The cover story of the January 15, 2015, issue, titled "What Silicon Valley Thinks of Women" caused controversy, due to both its illustration, described as "the cartoon of a faceless female in spiky red heels, having her dress lifted up by a cursor arrow", and its content, described as "a 5,000-word article on the creepy, sexist culture of the tech industry".
"[87] The article's author, Nina Burleigh, asked, "Where were all these offended people when women like Heidi Roizen published accounts of having a venture capitalist stick her hand in his pants under a table while a deal was being discussed?
In 2018, former Newsweek journalist Jonathan Alter wrote in The Atlantic that since being sold to the International Business Times in 2013 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".
"[93] In August 2020, Chapman University professor John C. Eastman wrote a Newsweek op-ed asking if Kamala Harris's parents were U.S. citizens or lawful permanent residents at the time of her birth or if they were temporary visitors.
He then stated that if they were temporary visitors, then "under the 14th Amendment as originally understood", she would not be considered a U.S. citizen and would not be eligible for her then-current position in the Senate.
[95] Newsweek later apologized for the op-ed, saying they had "entirely failed to anticipate the ways in which the essay would be interpreted, distorted and weaponized" and that their publication of it "was intended to explore a minority legal argument about the definition of who is a 'natural-born citizen' in the United States.
In the investigation, it accused Newsweek Romania of being paid €8,000 per month (€3,000 by Payment Services directive (PSD) and €5,000 by PNL[expand acronym][99]) to publish positive articles about the government.
[102] In November 2022, the Southern Poverty Law Center reported that Newsweek had "taken a marked radical right turn by buoying extremists and promoting authoritarian leaders" since it hired conservative political activist Josh Hammer as editor-at-large.
[103] Notable contributors or employees have included: Those who held the positions of president, chairman, or publisher under The Washington Post Company ownership include: Newsweek publishes World's Best Hospitals annually, a ranking of the best hospitals in 20 countries based on the opinions of medical professionals, patient survey results and key medical performance indicators.