Newsweek

Newsweek is an American weekly news magazine based in New York City. Founded as a weekly print magazine in 1933, it was widely distributed during the twentieth century and has had many notable editors-in-chief. It is currently co-owned by Dev Pragad, the president and chief executive officer (CEO), and Johnathan Davis, who sits on the board; each owns 50% of the company. In August 2010, revenue decline prompted the Washington Post Company to sell Newsweek to audio pioneer Sidney Harman for one US dollar and an assumption of the magazine's liabilities.