Newsweek Warning: You are not logged in. Your IP address will be publicly visible if you make any edits. If you log in or create an account, your edits will be attributed to your username, along with other benefits.Anti-spam check. Do not fill this in! ==History== [[File:News-Week Feb 17 1933, vol1 issue1.jpg|thumb|First issue of ''News-Week'' February 17, 1933]] {{Anchor|Founding and early years}} [[File:Newsweek, June 12, 2020, cover.jpg|thumb|Cover of the June 12, 2020 issue of Newsweek]] ===Founding and early years (1933–1961)=== [[File:Newsweek Jan 16 1939 Felix Frankfurter.jpg|thumb|right|The January 16, 1939 cover featured [[Felix Frankfurter]]]][[File:Newsweek WWII Armed Forces Overseas Edition 1944.jpg|thumb|right|May 8, 1944 WWII "Armed Forces Overseas Edition"]] ''News-Week'' was launched in 1933 by [[Thomas J. C. Martyn]], a former foreign-news editor for ''[[Time (magazine)|Time]]''. He obtained financial backing from a group of U.S. stockholders "which included [[Ward Cheney]], of the Cheney silk family, [[John Hay Whitney]], and [[Paul Mellon]], son of [[Andrew W. Mellon]]".{{r|Lundberg_1937}}{{rp|page=[https://archive.org/details/americas60famili0000unse/page/259/mode/1up 259]}} Paul Mellon's ownership in ''News-Week'' apparently represented "the first attempt of the Mellon family to function journalistically on a national scale".{{r|Lundberg_1937}}{{rp|page=[https://archive.org/details/americas60famili0000unse/page/260/mode/1up 260]}} The group of original owners invested around {{US$|2.5}}{{nbsp}}million (equivalent to ${{Inflation|US|2.5|1933|r=2}}{{nbsp}}million in {{Inflation/year|US}}). Other large stockholders prior to 1946 were public utilities investment banker Stanley Childs and Wall Street corporate lawyer Wilton Lloyd-Smith. Journalist [[Samuel T. Williamson]] served as the first editor-in-chief of ''News-Week''. The first issue of the magazine was dated February 17, 1933. Seven [[photograph]]s from the week's news were printed on the first issue's cover.<ref>{{cite web|url=http://bztv.typepad.com/instanthistory/2007/02/newsweek_1_a_lo.html|title=Instant History: Review of First ''Newsweek'' with Cover Photo|publisher=BZTV|date=February 17, 1933|access-date=December 25, 2012|url-status=dead|archive-url=https://web.archive.org/web/20121025034807/http://bztv.typepad.com/instanthistory/2007/02/newsweek_1_a_lo.html|archive-date=October 25, 2012}}</ref> 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. As a result of the deal, Harriman and Astor provided $600,000 ({{Inflation|US|600000|1937|fmt=eq|r=-3}}) in venture capital funds and Vincent Astor became both the chairman of the board and its principal stockholder between 1937 and his death in 1959.{{Citation needed|date=March 2011}} In 1937 [[Malcolm Muir (publisher)|Malcolm Muir]] took over as president and editor-in-chief. He changed the name to ''Newsweek'', emphasized interpretive stories, introduced signed columns, and launched international editions.{{Citation needed|date=March 2011}} {{Anchor|Under ''Post'' ownership}} ===Under ''Post'' ownership (1961–2010)=== The magazine was purchased by [[The Washington Post Company]] in 1961.<ref>{{cite news|first=Harrison E.|last=Salisbury|title=Washington Post Buys Newsweek. It Acquires 59% of Stock From Astor Foundation for $8,000,000.|url=https://select.nytimes.com/gst/abstract.html?res=FB0A1FF93F5D1B728DDDA90994DB405B818AF1D3|work=[[The New York Times]]|date=March 10, 1961|access-date=April 14, 2008|archive-url=https://web.archive.org/web/20120215051112/http://select.nytimes.com/gst/abstract.html?res=FB0A1FF93F5D1B728DDDA90994DB405B818AF1D3|archive-date=February 15, 2012|url-status=live}}</ref> [[Osborn Elliott]] was named editor of ''Newsweek'' in 1961 and became the editor-in-chief in 1969.[[File:March 1, 1976 Newsweek story on Bill and Emily Harris.jpg|thumb|left|A March 1, 1976 story about [[Symbionese Liberation Army|SLA]] members Bill and [[Emily Harris]]]] 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 allowing only men to be reporters.<ref name="Newsweek">{{cite news |title=Newsweek Agrees to End Sex Discrimination Policy |agency=Associated Press |date=August 28, 1970 |url=https://news.google.com/newspapers?id=8JpQAAAAIBAJ&pg=5051,6088623&dq=eleanor-holmes-norton&hl=en |access-date=March 31, 2016 |archive-url=https://web.archive.org/web/20160506115133/https://news.google.com/newspapers?id=8JpQAAAAIBAJ&sjid=NuEDAAAAIBAJ&pg=5051,6088623&dq=eleanor-holmes-norton&hl=en |archive-date=May 6, 2016 |url-status=live }}</ref> The women won and ''Newsweek'' agreed to allow women to be reporters.<ref name="Newsweek"/> The day the claim was filed, ''Newsweek''{{'s}} 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.<ref>{{cite book|title=The Good Girls Revolt: How the Women of ''Newsweek'' Sued their Bosses and Changed the Workplace|url=https://archive.org/details/goodgirlsrevolth0000povi|url-access=registration|year=2013|author=Lynn Povich|isbn=978-1610393263|publisher=PublicAffairs}}</ref> [[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. [[Richard Mills Smith|Richard M. Smith]] became chairman in 1998, the year that the magazine inaugurated its "Best High Schools in America" list,<ref>{{Cite web |url=http://www.newsweek.com/2013/05/06/america-s-best-high-schools.html |title=2013 America's Best High Schools |website=Newsweek |access-date=September 16, 2014 |archive-url=https://web.archive.org/web/20140817020128/http://www.newsweek.com/2013/05/06/america-s-best-high-schools.html |archive-date=August 17, 2014 |url-status=live }}</ref> a ranking of public [[Secondary education|secondary schools]] based on the [[Challenge Index]], which measures the ratio of [[Advanced Placement Program|Advanced Placement]] or [[IB Diploma Programme|International Baccalaureate]] exams taken by students to the number of graduating students that year, regardless of the scores earned by students or the difficulty in graduating. Schools with average [[SAT]] scores above 1300 or average [[ACT (examination)|ACT]] scores above 27 are excluded from the list; these are categorized instead as "Public Elite" High Schools. In 2008, there were 17 Public Elites.<ref>{{Cite web |url=http://www.newsweek.com/id/137421/ |title=List of Public Elites. ''Newsweek'' (2008) |website=Newsweek |access-date=May 17, 2008 |archive-url=https://web.archive.org/web/20080520212924/http://www.newsweek.com/id/137421 |archive-date=May 20, 2008 |url-status=live }}</ref> Smith resigned as board chairman in December 2007.<ref>{{cite web|url=http://www.newsweek.com/authors/richard-m-smith.html |title=Richard M. Smith |work=Newsweek |access-date=December 25, 2012 |url-status=dead |archive-url=https://web.archive.org/web/20110119065511/http://www.newsweek.com/authors/richard-m-smith.html |archive-date= Jan 19, 2011 }}</ref> {{Anchor|Restructuring and new owner}} ====Restructuring and new owner (2008–2010)==== [[File:Newsweek 05 24 09.jpg|thumb|left|The first issue released after the magazine switched to an opinion and commentary format]] During 2008–2009, ''Newsweek'' undertook a dramatic business restructuring.<ref>{{cite news|first=Richard|last=Pérez-Peña|title=The Popular Newsweekly Becomes a Lonely Category|url=https://www.nytimes.com/2009/01/17/business/media/17weeklies.html |url-access=subscription |work=The New York Times|date=January 16, 2009|access-date=January 17, 2009|archive-url=https://web.archive.org/web/20090415233350/http://www.nytimes.com/2009/01/17/business/media/17weeklies.html|archive-date=April 15, 2009|url-status=live}}</ref><ref>{{cite news|author=Kathleen Deveny|title=Reinventing Newsweek: A New Strategy for Print, Online |url=http://www.newsweek.com/id/195620|work=Newsweek|date=May 18, 2009|access-date=May 29, 2009|archive-url=https://web.archive.org/web/20090509191800/http://www.newsweek.com/id/195620|archive-date=May 9, 2009|url-status=live}}</ref> Citing difficulties in competing with online news sources to provide unique news in a weekly publication, the magazine refocused its content on opinion and commentary beginning with its May 24, 2009, issue. It shrank its subscriber rate base, from 3.1{{nbsp}}million to 2.6{{nbsp}}million in early 2008, to 1.9{{nbsp}}million in July 2009 and then to 1.5{{nbsp}}million in January 2010{{mdash}}a decline of 50% in one year. [[Jon Meacham]], Editor-in-chief from 2006 to 2010,{{r|JonMeacham_dot_com}} described his strategy as "counterintuitive" as it involved discouraging renewals and nearly doubling subscription prices as it sought a more affluent subscriber base for its advertisers.{{r|Kurtz_WaPa_20090518}} During this period, the magazine also laid off staff. 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.<ref>Richard Pérez-Peña. [https://www.nytimes.com/2009/11/16/business/media/16newsweek.html "Glimmers of Progress at a Leaner Newsweek"]. ''The New York Times''. November 15, 2009. {{Webarchive|url=https://web.archive.org/web/20160722054425/http://www.nytimes.com/2009/11/16/business/media/16newsweek.html|date=July 22, 2016 }}.</ref> 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 {{US$|29.3}}{{nbsp}}million (equivalent to ${{Inflation|US|29.3|2009|r=2}} million in {{Inflation/year|US}}) compared to a loss of {{US$|16}}{{nbsp}}million in 2008 (equivalent to ${{Inflation|US|16|2008|r=2}} million in {{Inflation/year|US}}).{{r|WaPo_Company_PressRelease2010}} During the first quarter of 2010, the magazine lost nearly {{US$|11}}{{nbsp}}million (equivalent to ${{Inflation|US|11|2010|r=2}} million in {{Inflation/year|US}}).<ref>{{cite news|title=Newsweek magazine is sold by Washington Post|work=[[BBC News]]|url=https://www.bbc.co.uk/news/business-10847466|date=August 2, 2010|access-date=2022-07-07 | archive-url=https://web.archive.org/web/20100803191418/http://www.bbc.co.uk/news/business-10847466|archive-date=August 3, 2010|url-status=live }}</ref> By May 2010, ''Newsweek'' had been losing money for the past two years and was put up for sale.<ref>{{cite news | first1 = Andrew | last1 = Vanacore | url = https://www.huffingtonpost.com/2010/05/05/newsweek-sale-washington-_n_564261.html | date = 2010-05-05 | title = Newsweek Sale: Washington Post Looking To Sell Newsweek | archive-url=https://web.archive.org/web/20100507103939/http://www.huffingtonpost.com/2010/05/05/newsweek-sale-washington-_n_564261.html | archive-date = 2010-05-07 | url-status = dead | access-date = 2022-07-07 | work = [[HuffPost]] }}</ref> The sale attracted international bidders. 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. Haykal later claimed his bid was ignored by ''Newsweek''{{'s}} bankers, [[Allen & Co]].<ref>{{cite news | first1 = Joe | last1 = Pompeo | date = 2010-08-05 | url = https://www.businessinsider.com/syrian-bidder-who-wanted-to-buy-newsweek-was-ignored-2010-8 | title = Syrian Bidder Who Wanted To Buy ''Newsweek'' Was Ignored | work = [[Business Insider]] | archive-url = https://web.archive.org/web/20220116092537/https://www.businessinsider.com/syrian-bidder-who-wanted-to-buy-newsweek-was-ignored-2010-8 | archive-date = 2022-01-16 | access-date = 2022-07-07 | url-status = live | oclc = 1076392313 | quote = Folio's Jason Fell was in touch with the CEO of the Syria-based publishing company Haykal Media during the Newsweek auction. [...] The CEO, Abdulsalam Haykal, told Fell early on the he was rounding up investors make a bid for the magazine. After the sale, Fell checked back in with him. Turns out he was ignored by The Washington Post Co.'s banker, Allen & Co. }}</ref> The magazine was sold to audio pioneer [[Sidney Harman]] on August 2, 2010 for {{US$|1}} in exchange for assuming the magazine's financial liabilities.<ref name="nytsale">{{cite news|first1=Tanzina|last1=Vega|author-link=Tanzina Vega|first2=Jeremy W.|last2=Peters|title=Audio Pioneer Buys Newsweek|url=https://www.nytimes.com/2010/08/03/business/media/03newsweek.html|work=The New York Times|date=August 2, 2010|access-date=August 2, 2010|archive-url=https://web.archive.org/web/20120210124606/http://www.nytimes.com/2010/08/03/business/media/03newsweek.html|archive-date=February 10, 2012|url-status=live}}</ref>{{r|Peters_NYT_20100802}} Harman's bid was accepted over three competitors.<ref>{{cite news|first=Frank|last=Ahrens|title=Harman Media buys ''Newsweek'' from Washington Post Co. for Undisclosed Amount|url=https://www.washingtonpost.com/wp-dyn/content/article/2010/08/02/AR2010080203970.html|newspaper=The Washington Post|date=August 3, 2010|access-date=August 2, 2010|archive-url=https://web.archive.org/web/20121111040053/http://www.washingtonpost.com/wp-dyn/content/article/2010/08/02/AR2010080203970.html|archive-date=November 11, 2012|url-status=live}}</ref> Meacham left the magazine upon completion of the sale. Sidney Harman, a major contributor to Zionist causes, was the husband of [[Jane Harman]], at that time a member of Congress from California. ===Merger with ''The Daily Beast'' (2010–2013)=== {{main|The Newsweek Daily Beast Company}} At the end of 2010, ''Newsweek'' merged with the online publication ''[[The Daily Beast]]'', following extensive negotiations between the respective proprietors. [[Tina Brown]], ''The Daily Beast''{{'s}} editor-in-chief, became editor of both publications. The new entity, [[The Newsweek Daily Beast Company]], was 50% owned by [[IAC/InterActiveCorp]] and 50% by Harman.<ref name="merger"/><ref name="merger2"/><ref name=wp1112>{{cite news|title=Struggling ''Newsweek'' joins with fledging Web site ''Daily Beast''|newspaper=The Washington Post|date=November 12, 2010|page=C8|author=Paul Farhi}}</ref> {{Anchor|2011 redesign}} ====Redesign (2011)==== ''Newsweek'' was redesigned in March 2011.<ref name="relaunch">{{cite web|author=Josh Klenert|url=http://www.spd.org/2011/03/first-look-the-newsweek-relaun.php|title=First Look: The ''Newsweek'' Redesign|work=Grids|publisher=Society of Publication Designers|date=March 7, 2011|access-date=December 25, 2012|archive-url=https://web.archive.org/web/20121223010612/http://www.spd.org/2011/03/first-look-the-newsweek-relaun.php|archive-date=December 23, 2012|url-status=dead}}</ref> 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''. More room was made available in the front of the magazine for columnists, editors, and special guests. A new "News Gallery" section featured two-page spreads of photographs from the week with a brief article accompanying each one. 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''. This is where the ''Newsweek'' staple "Conventional Wisdom" was located. Brown retained ''Newsweek''{{'s}} 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. A larger culture section named "Omnivore" featured art, music, books, film, theater, food, travel, and television, including a weekly "Books" and "Want" section. 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.<ref name="relaunch"/> ====Cessation of print format (2012)==== [[File:Newsweek final issue.png|thumb|right|The cover of ''Newsweek''{{'s}} final print issue [[The Newsweek Daily Beast Company]] owned the company from 2010 to 2013.]] 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. [[Barry Diller]], chairman of the conglomerate IAC/InterActiveCorp, said his firm was looking at options since its partner in the ''Newsweek''/''Daily Beast'' operation had pulled out.<ref>{{cite web|title=''Newsweek'' likely to become digital magazine |url=http://ca.news.yahoo.com/newsweek-likely-become-digital-magazine-182958150.html |work=Yahoo News |access-date=July 26, 2012 |url-status=dead |archive-url=https://web.archive.org/web/20120726211950/http://ca.news.yahoo.com/newsweek-likely-become-digital-magazine-182958150.html |archive-date=July 26, 2012 }}</ref> At the end of 2012, the company discontinued the American print edition after 80 years of publication, citing the increasing difficulty of maintaining a paper weekly magazine in the face of declining advertising and subscription revenues and increasing costs for print production and distribution.<ref name="pageturn">{{cite news|url=http://www.thedailybeast.com/articles/2012/10/18/a-turn-of-the-page-for-newsweek.html|title=A Turn of the Page for Newsweek|date=October 21, 2012|work=The Daily Beast|access-date=October 18, 2012|archive-url=https://web.archive.org/web/20121018151716/http://www.thedailybeast.com/articles/2012/10/18/a-turn-of-the-page-for-newsweek.html|archive-date=October 18, 2012|url-status=live}}</ref> The online edition is named ''Newsweek Global''.<ref name="economist-oct">{{cite news|url=https://www.economist.com/blogs/schumpeter/2012/10/newsweek%E2%80%99s-future|title=''Newsweek''{{'s}} future:Goodbye ink|date=October 18, 2012|work=Economist|access-date=August 4, 2013|archive-url=https://web.archive.org/web/20131031105355/http://www.economist.com/blogs/schumpeter/2012/10/newsweek%E2%80%99s-future|archive-date=October 31, 2013|url-status=live}}</ref> ===Spin-off to IBT Media, return to print (2013–2018)=== In April 2013, IAC chairman and founder Barry Diller said at the [[Milken Institute|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 "[[Snipe hunt|fool's errand]]".<ref>Bloomberg Television. [http://www.bizjournals.com/houston/video/FudXY5Yjpt0LI5QKptqH_JEXgyUtRxQz?autoplay=1 Barry Diller: It Was a Mistake to Buy ''Newsweek''] {{Webarchive|url=https://web.archive.org/web/20130812133737/http://www.bizjournals.com/houston/video/FudXY5Yjpt0LI5QKptqH_JEXgyUtRxQz?autoplay=1 |date=August 12, 2013 }}. ''[[Houston Business Journal]]'', April 29, 2013.</ref> On August 3, 2013, [[IBT Media]] 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''.{{r|ibtpr}} On March 7, 2014, IBT Media relaunched a print edition of ''Newsweek''<ref name="resumeprint">{{cite news|url=https://www.nytimes.com/2013/12/04/business/media/newsweek-plans-return-to-print.html|title=Newsweek Plans Return to Print|last=Haughney|first=Christine|date=December 3, 2013|newspaper=[[The New York Times]]|access-date=December 4, 2013|archive-url=https://web.archive.org/web/20131204212647/http://www.nytimes.com/2013/12/04/business/media/newsweek-plans-return-to-print.html|archive-date=December 4, 2013|url-status=live}}</ref> with a cover story on the alleged creator of [[Bitcoin]], which was widely criticized for its lack of substantive evidence. The magazine stood by its story.<ref name="NYT Return">{{cite news|url=https://www.nytimes.com/2014/03/08/business/media/newsweek-returns-to-print-and-sets-off-a-bitcoin-storm.html|title=Newsweek Returns to Print and Sets Off a Bitcoin Storm|last=Kaufman|first=Leslie|date=March 7, 2014|newspaper=[[The New York Times]]|access-date=May 27, 2014|author2=Cohen, Noam|archive-url=https://web.archive.org/web/20140709154729/http://www.nytimes.com/2014/03/08/business/media/newsweek-returns-to-print-and-sets-off-a-bitcoin-storm.html|archive-date=July 9, 2014|url-status=live}}</ref> IBT Media announced that the publication returned to profitability on October 8, 2014.<ref name="profitable">{{cite news | work= Capital | last= Pompeo | first= Joe | title= ''Newsweek'' announces it's profitable | date= October 8, 2014 |url=http://www.capitalnewyork.com/article/media/2014/10/8554160/emnewsweekem-announces-its-profitable | access-date= December 4, 2017 | archive-url=https://web.archive.org/web/20151223041433/http://www.capitalnewyork.com/article/media/2014/10/8554160/emnewsweekem-announces-its-profitable | archive-date= December 23, 2015 | url-status= dead }}</ref> In February 2017, IBT Media appointed Matt McAllester, then editor of ''Newsweek International'', as global editor-in-chief of ''Newsweek''.<ref name="Matt McAllester">{{cite news| agency= PR Newswire| title= 'Newsweek Appoints Matt McAllester as Global Editor in Chief, Newsweek| date= February 14, 2017|url=http://www.prnewswire.com/news-releases/newsweek-appoints-matt-mcallester-as-global-editor-in-chief-newsweek-300407084.html| access-date= May 1, 2017| archive-url=https://web.archive.org/web/20170503195937/http://www.prnewswire.com/news-releases/newsweek-appoints-matt-mcallester-as-global-editor-in-chief-newsweek-300407084.html| archive-date= May 3, 2017| url-status= live}}</ref> 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. ''[[Columbia Journalism Review]]'' noted the probe "focused on loans the company took out to purchase the computer equipment",<ref>{{Cite news|url=https://www.cjr.org/analysis/newsweek-fires-editors-note.php|title=Why the ''Newsweek'' firings are bad for press freedom|work=Columbia Journalism Review|access-date=March 21, 2018|language=en|archive-url=https://web.archive.org/web/20180322015633/https://www.cjr.org/analysis/newsweek-fires-editors-note.php|archive-date=March 22, 2018|url-status=dead}}</ref> and several ''Newsweek'' reporters were fired after reporting on the issue. Uzac pleaded guilty to fraud and money-laundering in 2020.<ref>{{Cite web|date=2020-02-14|title=D.A. Vance Announces Guilty Pleas of Ex-Newsweek and Christian Media Chiefs in $35 Million Fraud Probe|url=https://www.manhattanda.org/d-a-vance-announces-guilty-pleas-of-ex-newsweek-and-christina-media-chiefs-in-35-million-fraud-probe/|access-date=2021-07-19|website=Manhattan District Attorney's Office|language=en-US|archive-date=June 22, 2021|archive-url=https://web.archive.org/web/20210622201141/https://www.manhattanda.org/d-a-vance-announces-guilty-pleas-of-ex-newsweek-and-christina-media-chiefs-in-35-million-fraud-probe/|url-status=dead}}</ref> ===Newsweek Publishing LLC (2018–present)=== In September 2018, after completing the strategic structural changes introduced in March of the same year, IBT Media spun off ''Newsweek'' into its own entity, Newsweek Publishing LLC, with co-ownership to Dev Pragad and Johnathan Davis of IBT Media.<ref>{{Cite web|url=https://www.mediapost.com/publications/article/326408/newsweek-media-group-splits-into-separate-companie.html|title=Newsweek Media Group Splits into Separate Companies: Newsweek, IBT Media|website=mediapost.com|language=en|access-date=January 17, 2020|archive-date=July 13, 2019|archive-url=https://web.archive.org/web/20190713033530/https://www.mediapost.com/publications/article/326408/newsweek-media-group-splits-into-separate-companie.html|url-status=live}}</ref>{{r|PressRelease2018}} In 2020, ''Newsweek'''s website hit 100 million unique monthly readers, up from seven million at the start of 2017.<ref name=":5">{{Cite web |last=Gale |first=Adam |date=April 5, 2022 |title=Dev Pragad: the man who saved the news |url=https://www.managementtoday.co.uk/dev-pragad-man-saved-news/long-reads/article/1750702 |website=Management Today |access-date=August 23, 2022 |archive-date=August 23, 2022 |archive-url=https://web.archive.org/web/20220823203641/https://www.managementtoday.co.uk/dev-pragad-man-saved-news/long-reads/article/1750702 |url-status=live }}</ref> In 2021, its revenues doubled to $75 million and traffic increased to 48 million monthly unique visitors in May 2022 from about 30 million in May 2019 according to Comscore.<ref name=":0">{{Cite web |last=Bruell |first=Alexandra |date=July 29, 2022 |title=Newsweek Engulfed in Legal Drama as Co-Owners Sue Each Other |url=https://www.wsj.com/articles/newsweek-engulfed-in-legal-drama-as-co-owners-sue-each-other-11659096002 |website=The Wall Street Journal |access-date=August 8, 2022 |archive-date=August 7, 2022 |archive-url=https://web.archive.org/web/20220807145818/https://www.wsj.com/articles/newsweek-engulfed-in-legal-drama-as-co-owners-sue-each-other-11659096002 |url-status=live }}</ref><ref name=":4">{{Cite web |last=Fischer |first=Sara |date=July 22, 2022 |title=Newsweek execs speak out amid legal drama |url=https://www.axios.com/2022/07/26/newsweek-execs-speak-out-amid-legal-drama |website=Axios |access-date=August 8, 2022 |archive-date=August 8, 2022 |archive-url=https://web.archive.org/web/20220808132131/https://www.axios.com/2022/07/26/newsweek-execs-speak-out-amid-legal-drama |url-status=live }}</ref> Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. 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