![]() ![]() Smith became chairman in 1998, the year that the magazine inaugurated its "Best High Schools in America" list, a ranking of public secondary schools based on the Challenge Index, which measures the ratio of Advanced Placement or 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. Įdward 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. 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. ![]() The women won, and Newsweek agreed to allow women to be reporters. 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. March 1, 1976, story about SLA members Bill and Emily Harris Osborn Elliott was named editor of Newsweek in 1961 and became the editor-in-chief in 1969. The magazine was purchased by The Washington Post Company in 1961. He changed the name to Newsweek, emphasized interpretive stories, introduced signed columns, and launched international editions. In 1937, Malcolm Muir took over as president and editor-in-chief. As a result of the deal, Harriman and Astor provided $600,000 (equivalent to $11,310,000 in 2021) 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. Averell Harriman, and Vincent Astor of the prominent Astor family. In 1937, News-Week merged with the weekly journal Today, which had been founded in 1932 by future New York Governor and diplomat W. Seven photographs from the week's news were printed on the first issue's cover. The first issue of the magazine was dated February 17, 1933. Williamson served as the first editor-in-chief of News-Week. Other large stockholders prior to 1946 were public utilities investment banker Stanley Childs and Wall Street corporate lawyer Wilton Lloyd-Smith. : 260 The group of original owners invested around US$2.5 million (equivalent to $52.33 million in 2021). : 259 Paul Mellon's ownership in News-Week apparently represented "the first attempt of the Mellon family to function journalistically on a national scale". ![]() stockholders "which included Ward Cheney, of the Cheney silk family, John Hay Whitney, and Paul Mellon, son of Andrew W. He obtained financial backing from a group of U.S. Martyn, a former foreign-news editor for Time. News-Week was launched in 1933 by Thomas J. Under Newsweek's current co-owner and CEO, Dev Pragad, it is both profitable, with revenue of $60 million, and also growing: between May 2019 and May 2022, its monthly unique visitors increased from about 30 million to 48 million, according to Comscore. The split was accomplished one day before the District Attorney of Manhattan indicted Etienne Uzac, the co-owner of IBT Media, on fraud charges. In 2018, IBT Media split into two companies, Newsweek Publishing and IBT Media. IBT Media, which also owns the International Business Times, rebranded itself as Newsweek Media Group, and in 2014, relaunched Newsweek in both print and digital form. In 2013, IBT Media acquired Newsweek from IAC the acquisition included the Newsweek brand and its online publication, but did not include The Daily Beast. 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 was jointly owned by the estate of Harman and the diversified American media and Internet company IAC. Later that year, Newsweek merged with the news and opinion website The Daily Beast, forming The Newsweek Daily Beast Company. Revenue declines prompted The Washington Post Company to sell it, in August 2010, to the audio pioneer Sidney Harman for a purchase price of one dollar and an assumption of the magazine's liabilities. The magazine was acquired by The Washington Post Company in 1961, and remained under its ownership until 2010. Founded as a weekly print magazine in 1933, it was widely distributed during the 20th century, and had many notable editors-in-chief. Newsweek is an American weekly news magazine co-owned 50 percent each by Dev Pragad, its president and CEO, and Johnathan Davis, who has no operational role at Newsweek. The Newsweek Daily Beast Company/ IAC (2010–13)Įnglish, Japanese, Korean, Polish, Romanian, Spanish, Rioplatense Spanish, Arabic, Serbian.The Washington Post Company (1961–2010). ![]()
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