Newsweek magazine is published by Newsweek, Inc. and is headquartered in New York, N.Y. It has been published since 1933 and is currently owned by Sidney Harman. Newsweek covers national news and is the second largest weekly news magazine in the United States, behind Time Magazine. Newsweek was founded in 1933 as News-Week by Thomas J.C.Did Newsweek go out of business?
Newsweek discontinued its print edition in December 2012 after 80 years, amid falling advertising revenues as readers moved towards online publications. However, the new owners say they have worked out a business model that does not rely heavily on ad revenue.What happened to Newsweek?
In 1961 the magazine was acquired by The Washington Post Company and remained under its ownership until 2010. Between 2008 and 2012, Newsweek experienced financial difficulties, leading to the cessation of print publication and a transition to an all-digital format at the end of 2012.