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Tuesday, September 27, 2011


Newsweek (2nd largest news weekly magazine in the USA after TIME  in circulation and advertising revenue) is an American weekly news magazine published in New York and distributed throughout the USA and internationally.Newsweek is published in four English language editions and 12 global editions.


News - Week, the magazine was founded by Thomas J.C. Martyn on February 17, 1933

                                                                    First Issue Cover

In 1937 Newsweek merged with the weekly journal Today.
In 1937, Malcolm Muir  took over as president and editor-in-chief. Muir changed the name to Newsweek
In 1961 Newsweek was purchased by the 'The Washington Post Company
By 2010 Newsweek was put up for sale(as it had been losing money for the past two years)
In August 2010 the magazine was sold to Sidney Harman for $1 in exchange for assuming the magazine's financial liabilities.
At the end of 2010, Newsweek merged with the online publication '' The Daily Beast '' and the new entity, The Newsweek Daily Beast Company, was 50% owned by IAC and 50% by Sidney Harman.

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