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o 30 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 8 31 harman s bid was accepted over three competitors 32 jon meacham left the magazine upon completion of the sale sidney harman was the husband of jane harman at that time a member of congress from california merger with the daily beast 2010 2013 edit main article 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 9 10 33 redesign 2011 edit newsweek was redesigned in march 2011 34 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 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 34 cessation of print format 2012 edit newsweek s final print issue released on december 31 2012 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 35 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 36 the online edition was renamed newsweek global 37 spin off to ibt media return to print 2013 2018 edit 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 38 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 11 on march 7 2014 ibt media relaunched a print edition of newsweek 39 with a cover story on the alleged creator of bitcoin that was criticized for lacking substantive evidence the magazine stood by its story 40 ibt media announced that the publication returned to profitability on october 8 2014 41 in february 2017 ibt media appointed matt mcallester then editor of newsweek international as global editor in chief of newsweek 42 in january 2018 newsweek offices were raided by the manhattan district attorney s office as part of an investigation into co owner etienne uzac columbia journalism review noted the probe focused on loans the company took out to purchase the computer equipment 43 and several newsweek reporters were fired after reporting on the issue uzac pleaded guilty to fraud and money laundering in 2020 44 newsweek publishing llc 2018 present edit 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 45 14 46 in 2020 newsweek s website hit 100 million unique monthly readers up from seven million at the start of 2017 47 in 2021 traffic increased to 48 million monthly unique visitors in may 2022 from about 30 million in may 2019 according to comscore 48 49 the rebirth of newsweek was the subject of a study by harvard business school 50 in september 2023 newsweek announced it would be making use of generative ai in its operations 51 52 its ai policy states that generative ai can be used in writing research editing and other core journalism functions as long as journalists are involved throughout the process in 2024 it rolled out an ai video production tool and started hiring an ai focused breaking news team 52 in 2024 newsweek reported 90 million in revenue and a 20 profit margin marking a significant commercial turnaround under ceo and co owner dev pragad and increasing the net worth of the brand revenue more than quadrupled from 20 million that year when the company operated at a 10 loss profitability has been consistent since 2019 on an ebitda basis with margins exceeding 20 since 2022 the company credits its success to a robust digital advertising business which accounted for 63 of revenue in 2024 80 of which came from programmatic channels and 20 from direct sales pragad attributes growth to a data driven editorial strategy focused on what its readership were interested in in contrast to declining readership trends across much of the news industry 53 in 2025 newsweek reported that according to comscore its u s readership increased by 45 percent compared to the previous year 54 the publication was ranked no 2 in overall growth in the u s by similarweb s annual digital 100 report for 2024 55 to further diversify revenue newsweek has expanded into business to business advertising and launched an events division under ceo and owner dev pragad newsweek also built and expanded its rankings division its fastest growing segment in the past two years which is monetized through brand licensing and which contributed 13 of total revenue in 2024 increasing newsweek s valuation content syndication added another 16 53 in june 2025 newsweek acquired adprime an adtech firm specializing in healthcare marketing increasing company s net worth as part of its expansion into the health sector the acquisition included a demand side platform and data services intended to support targeted advertising across newsweek s healthcare content the move contrasted with broader industry trends of divestment from adtech and aligned with newsweek s strategy to increase business to business revenue through its health vertical 56 in july 2026 a new york appellate court awarded newsweek nearly 11 million in a dispute with former owner ibt media ruling that newsweek had paid millions in payroll tax obligations on ibt media s behalf 57 circulation and branches edit in 2003 worldwide circulation was more than 4 million including 2 7 million in the u s by 2010 it reduced to 1 5 million with newsstand sales declining to just over 40 000 copies per week newsweek published editions in japanese korean polish romanian spanish rioplatense spanish arabic turkish serbian as well as an english language newsweek international russian newsweek published since 2004 was closed in october 2010 58 the bulletin an australian weekly until 2008 incorporated an international news section from newsweek based in new york city the magazine claimed 22 bureaus in 2011 nine in the u s new york city los angeles chicago detroit dallas miami washington d c boston and san francisco and others overseas in london paris berlin moscow jerusalem baghdad tokyo hong kong beijing south asia cape town mexico city and buenos aires citation needed according to a 2015 column in the new york post after returning to print publication newsweek was selling c 100 000 copies per month with staff at that time numbering about 60 editorial staffers up from a low of less than 30 editorial staffers in 2013 but with plans then to grow the number to close to 100 in the next year 6 controversies edit allegations of sexism edit 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 18 the women won and newsweek agreed to allow women to be reporters 18 the day the claim was filed newsweek s cover article was women in revolt covering the feminist movement the article was written by freelancer helen dudar in the belief that there were no female writers at the magazine capable of handling the assignment those passed over included elizabeth peer who had spent five years in paris as a foreign correspondent 59 on june 2 1986 newsweek published a cover story titled the marriage crunch which claimed that women who weren t married by 40 had a better chance of being killed by a terrorist than of finding a husband 60 61 newsweek eventually apologized for the story and in 2010 launched a study that discovered two in three women who were 40 and single in 1986 had married since 60 62 the story caused a wave of anxiety and some skepticism amongst professional and highly educated women in the united states 60 62 the article was cited several times in the 1993 film sleepless in seattle starring tom hanks and meg ryan 60 63 comparisons have been made with this article and the current rising issues surrounding the social stigma of unwed women in asia called sheng nu 60 the controversial newsweek cover from november 23 2009 featuring sarah palin on november 23 2009 former alaska governor and 2008 republican vice presidential nominee sarah palin was featured on the cover of newsweek with the caption how do you solve a problem like sarah and an image of palin posing in athletic attire palin herself and other commentators accused newsweek of sexism for their choice of cover for the issue which discussed palin s book going rogue an american life it s sexist as hell wrote lisa richardson for the los angeles times 64 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 65 david brody of cbn news stated this cover should be insulting to women politicians 66 the cover includes a photo of palin used in the august 2009 issue of runner s world 67 68 69 the photographer may have breached his contract with runner s world when he permitted its use in newsweek as runner s world maintained certain rights to the photo until august 2010 it is uncertain however whether this particular use of the photo was prohibited 70 in august 2011 minnesota republican congresswoman and presidential candidate michele bachmann was featured on the cover of newsweek with the caption the queen of rage 71 the photo of her was perceived as unflattering as it portrayed her with a wide eyed expression that some said made her look crazy 72 conservative commentator michelle malkin called the depiction sexist 73 and sarah palin denounced the publication newsweek defended the cover s depiction of bachmann saying its other photos of her showed similar intensity 74 the cover story from february 6 2015 75 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 76 77 among those offended by the cover were today co host tamron hall who commented i think it s obscene and just despicable honestly newsweek editor in chief james impoco explained we came up with an image that we felt represented what that story said about silicon valley if people get angry they should be angry 77 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 78 in june 2024 newsweek published an opinion piece with the title taylor swift is not a good role model 79 which claimed that american singer songwriter taylor swift was a bad role model for young girls due to being unmarried childless and having been in multiple relationships 80 81 the article was condemned as sexist 80 81 82 83 including by tennis player martina navratilova 84 factual errors edit unlike most large american magazines newsweek has not used fact checkers since 1996 85 in 1997 newsweek was forced to recall several hundred thousand copies of a special issue called your child which advised that infants as young as five months old could safely feed themselves zwieback toasts and chunks of raw carrot to the contrary both represent a choking hazard in children this young the error was later attributed to a copy editor who was working on two stories at the same time 85 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 86 newsweek corrected its story 86 in 2018 newsweek ran a story alleging that then president donald trump had colored the american flag incorrectly while visiting a classroom snopes was unable to corroborate the photographic evidence 87 in august 2018 newsweek incorrectly reported that the sweden democrats a far right party could win a majority in the 2018 swedish parliamentary elections polls showed that the party was far away from winning a majority by september 2018 newsweek s article was still up 88 in november 2022 during the mahsa amini protests in iran newsweek incorrectly reported that iran had ordered the execution of over 15 000 protesters the claim was widely shared on social media including by actresses trudie styler sophie turner and viola davis and canadian prime minister justin trudeau the number was actually derived from estimates from a united nations human rights rapporteur and other human rights organizations of how many people were detained in iran in connection with the protests and newsweek later retracted the underlying claim leading to the inference that the people faced a death sentence 89 90 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 the reporting by newsweek drew comparisons to tuberville s criticism of then president joe biden similarly tripping on stairways in reality the video highlighted by newsweek was filmed ...
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