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y as a result of the deal harriman and astor provided 600 000 equivalent to 13 437 000 in 2025 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 in 1937 malcolm muir took over as president and editor in chief he changed the name of the magazine to newsweek emphasized interpretive stories introduced signed columns and launched international editions citation needed under post ownership 1961 2010 edit the magazine was purchased by the washington post company in 1961 17 osborn elliott was named editor of newsweek in 1961 and became the editor in chief in 1969 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 the suit with the support of the american civil liberties union aclu 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 a woman who had been hired on a freelance basis since there were no female reporters at the magazine 19 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 m smith became chairman in 1998 also in 1998 the magazine inaugurated its best high schools in america list 20 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 schools with average sat scores above 1300 or average 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 21 smith resigned as board chairman in december 2007 22 restructuring and new owner 2008 2010 edit cover of the issue from may 24 2009 the magazine s first after switching to an opinion and commentary format during 2008 2009 newsweek undertook a dramatic business restructuring 23 24 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 issue from may 24 2009 its subscriber base shrank from 3 1 million to 2 6 million in early 2008 to 1 9 million in july 2009 and then to 1 5 million in january 2010 a decline of 50 in one year jon meacham editor in chief from 2006 to 2010 3 described his strategy as counterintuitive as it involved discouraging subscription renewals and nearly doubling subscription prices as it sought a more affluent subscriber base for its advertisers 25 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 26 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 million equivalent to 43 97 million in 2025 compared to a loss of us 16 million in 2008 equivalent to 23 93 million in 2025 27 during the first quarter of 2010 the magazine lost nearly us 11 million equivalent to 16 24 million in 2025 28 by may 2010 newsweek had been losing money for the past two years and was put up for sale 29 the sale attracted international bidders one bidder was syrian entrepreneur abdul salam 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 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...