Founded in 1933 by journalists from the New York Evening Post, Newsweek carved out its niche as a weekly news magazine known for its in-depth reporting and political analysis. The magazine's defining moment came in 1961 with the launch of its influential "100 People Who Changed the World" issue, cementing its role in American media. However, Newsweek's fortunes have fluctuated, including a major hit in credibility during the 2009-2010 transition from print to digital under the ownership of Sidney Harman. In 2010, it was sold to IAC/InterActiveCorp and later to the IBT Media group. Valued at a fraction of its peak, Newsweek has faced controversies like the 2005 false report about Quran desecration which led to a significant backlash. Key figures include Tina Brown, who revamped the magazine during her tenure as editor, and current CEO Dev Pragad, navigating the complex media landscape.
