Newsweek

Newsweek is a weekly news magazine published in the United States. Dev Prasad, its president and CEO, and Johnathan Davis, who has no operational role, each owns 50% of the company. It began as a weekly print magazine in 1933 and was widely distributed throughout the twentieth century, with many notable editors-in-chief. The Washington Post Company purchased the magazine in 1961 and retained ownership until 2010.

Due to revenue declines, The Washington Post Company sold it in August 2010 to audio pioneer Sidney Harman for one dollar and the assumption of the magazine's liabilities. Later that year, Newsweek merged with The Daily Beast, a news and opinion website, to form The Newsweek Daily Beast Company. The estate of Harman and the diversified American media and Internet company IAC jointly owned Newsweek. Newsweek's financial difficulties persisted, resulting in the discontinuation of print publication and the transition to an all-digital format at the end of 2012.

Under the current co-owner and CEO, Dev Prasad, Newsweek is both profitable (revenue of $60 million) and growing: according to Comscore, its monthly unique visitors increased from around 30 million to 48 million between May 2019 and May 2022.

Founded: 1933
Headquarters: New York, US
Facebook: Newsweek (1.6M likes)
Instagram: @newsweek (234N followers)
Twitter: @Newsweek (3.5M followers)
Website: https://www.newsweek.com/