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Editor’s Note: Encyclo has not been regularly updated since August 2014, so information posted here is likely to be out of date and may be no longer accurate. It’s best used as a snapshot of the media landscape at that point in time.

 is a newsweekly magazine that was once the second-largest newsweekly in the United States.

The magazine , owners of the  and a company to a controversial pastor named David Jang. It has gone through several owners in recent years: The site had been by Sidney Harman, who quickly merged it with ‘s Internet company , owner of the news site The Daily Beast. Harman in the magazine in 2012, and IAC in 2013.

Newsweek’s print edition , replaced by a  in conjunction with The Daily Beast, as the company was . It planned to initially , eventually introducing both ads and a metered-model paywall, which was revamped in 2014. Newsweek in March 2014, charging $7.99 per copy with a circulation of 70,000, compared with its peak circulation of 3.3 million. The revamped print edition primarily from subscriptions and newsstand sales rather than advertising. Newsweek had a  in early 2014 and by the end of the year.

In addition to its U.S. edition, Newsweek also published three English-language editions — for the Atlantic, Asia, and Latin America — and it is the only newsmagazine with global, weekly local-language editions (twelve in all). In June of 2000, Newsweek International launched Newsweek In Arabic; in 2002, Newsweek launched Newsweek Select, distributed in Hong Kong and mainland China.

Newsweek was by Thomas J.C. Martyn, a former foreign editor at Time magazine, and was first published on February 17, 1933. The cover of its first issue (titled, at the time, “News-Week”) featured seven photographs from the week’s news. A subscription cost $4 for the year, and the magazine had a circulation of 50,000. In 1961, Newsweek , which maintained ownership of the magazine until August 2010.

Newsweek saw its circulation — and, thus, its subscription and ad revenue — in its past several years. At the end of 2007, the magazine from 3.1 million to 2.6 million. In July of 2009, Newsweek dropped to a base of . In January 2010, it dropped to .

In May of 2009, then-editor to revamp Newsweek into a “smarter” product that would cater to a more elite audience than it had in the past — essentially, to make Newsweek more like The Economist, a still-successful newsweekly magazine. The goal was a smaller circulation base but a more elite audience, who would both pay more for their subscriptions and attract more advertising dollars. But Newsweek still ended up of $28.1 million in 2009, which was 82.5 percent higher than the previous year’s loss of $15.4 million.

In August of 2010, that The Washington Post Company would sell Newsweek to 92-year-old audio pioneer Sidney Harman — reportedly for a purchase price of $1.00 and an assumption of from The Post Company. Meacham once the sale was complete, .

In November of 2010, it was announced that to create a new entity, (which media watchers often abbreviate to “NewsBeast”), with The Daily Beast’s . (The first issue of the print magazine under her editorship , to mixed reviews.) In July 2011, the company’s owner, Barry Diller, estimated the cost of the merger at . Later that year, it was reported that Newsweek had in 2010 and was on pace to lose $20 million in 2011.

Under Brown, the magazine was repeatedly accused of   to try to draw pageviews and newsstand sales.

Newsweek and the Daily Beast for digital coverage of the 2012 campaigns.

Video

The Atlantic’s Michael Hirschorn discusses his article ““:

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Primary author: Megan Garber. Main text last updated: August 21, 2014.
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The Chronicle of Higher Education is a newspaper and website that focuses on news about colleges and universities in the United States. The Chronicle is based in Washington, D.C., and has a staff of more than 70 writers and editors, including 17 international correspondents. As of May 2011, the Chronicle has 66,000 total subscribers, with…

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