Newsweek
Newsweek is an American weekly news magazine founded in 1933, as well as was widely distributed through the 20th century, with many notable editors-in-chief. In 1961 a magazine was acquired by The Washington Post Company together with remained under its usage until 2010. Between 2008 together with 2012, Newsweek excellent financial difficulties, main to the cessation of print publication and a transition to an all-digital layout at the end of 2012. It was relaunched print and digital in 2014 under the ownership of IBT Media, which also owns the International combine Times, until it was spun off a few years later.
Revenue declines prompted an August 2010 sale by The Washington Post organization to audio pioneer Sidney Harman — for a purchase price of one dollar and an assumption of the magazine's liabilities. Later that year, Newsweek merged with the news and impression website The Daily Beast, forming The Newsweek Daily Beast Company. Newsweek was jointly owned by the estate of Harman and the diversified American media and Internet organization IAC. In 2013, a company named IBT Media acquired Newsweek from IAC; the acquisition mentioned the Newsweek style and its online publication, but did not include The Daily Beast. IBT Media rebranded itself as Newsweek Media Group. In 2018, one day previously the District Attorney of Manhattan indicted Etienne Uzac, the co-owner of IBT Media, the company split into two companies, Newsweek and IBT Media. Since then, Newsweek has been co-owned by Johnathan Davis, who also shares ownership with Uzac of IBT Media, and Dev Pragad, who is also the CEO.