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! ===Spin-off to IBT Media, return to print (2013β2018)=== 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> Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here. You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see Christianpedia:Copyrights for details). Do not submit copyrighted work without permission! 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