In 1961, Newsweek was bought by The Washington Post Company, which maintained ownership of the magazine until August 2010. A subscription cost $4 for the year, and the magazine had a circulation of 50,000.
The cover of its first issue (titled, at the time, “News-Week”) featured seven photographs from the week’s news. Martyn, a former foreign editor at Time magazine, and was first published on February 17, 1933. In June of 2000, Newsweek International launched Newsweek In Arabic in 2002, Newsweek launched Newsweek Select, distributed in Hong Kong and mainland China. edition, Newsweek also published three English-language editions - for the Atlantic, Asia, and Latin America - and it is the only newsmagazine with global, weekly local-language editions (twelve in all). Newsweek had a newsroom of about 40 in early 2014 and planned to push its size to 50 by the end of the year. The revamped print edition makes its money primarily from subscriptions and newsstand sales rather than advertising. Newsweek relaunched its print edition in March 2014, charging $7.99 per copy with a circulation of 70,000, compared with its peak circulation of 3.3 million.
#NEWSWEEK PUBLISHES FINAL PRINT ISSUE FOR FREE#
It planned to initially offer its website for free without ads, eventually introducing both ads and a metered-model paywall, which was revamped in 2014. Newsweek’s print edition folded in December 2012, replaced by a subscription-based digital product in conjunction with The Daily Beast, as the company was renamed NewsBeast. in 2010 by Sidney Harman, who quickly merged it with Barry Diller‘s Internet company IAC, owner of the news site The Daily Beast. Harman ended his investment in the magazine in 2012, and IAC sold it to IBT in 2013. It has gone through several owners in recent years: The site had been bought from The Washington Post Co. The magazine is owned by IBT Media, owners of the International Business Times and a company with connections to a controversial pastor named David Jang. Newsweek’s scoop is so huge, many tech insiders are incredulous it actually found him.Newsweek is a newsweekly magazine that was once the second-largest newsweekly in the United States. The identity of the founder of Bitcoin - a digital currency created in 2009 that is bought and sold on peer-to-peer network - has confounded techies for years despite many attempts by countless publications including The New Yorker, Fast Company and many others. I obtained Nakamoto’s email through a company he buys model trains from.Īlso read: 5 Things to Know About Newsweek’s New Owners IBT Media Two weeks before our meeting in Temple City, I struck up an email correspondence with Satoshi Nakamoto, mostly discussing his interest in upgrading and modifying model steam trains with computer-aided design technologies. But it was not until after ordering his records from the National Archives and conducting many more interviews that a cohesive picture began to take shape. citizens that a Satoshi Nakamoto turned up whose profile and background offered a potential match.
#NEWSWEEK PUBLISHES FINAL PRINT ISSUE REGISTRATION#
It was only while scouring a database that contained the registration cards of naturalized U.S. The newsmagazine sent Leah McGrath Goodman to track down his whereabouts using good, old fashioned public records and discovered he is a 64 year-old Japanese-American who lives outside of Los Angeles. This week’s issue features a provocative new cover story uncovering the once-secret identity of Bitcoin founder Satoshi Nakamoto. While that’s down considerably from its peak of 3.3 million, the publisher remains optimistic it will be able to dramatically expand.Īlso read: So, Is Tina Brown Sinking Newsweek? IBT Media bought the magazine in August 2013 and decided to relaunch Newsweek’s print edition with a circulation of 70,000 copies. Newsweek then offered a paid subscription tablet edition critics called its new incarnation the “ poster child of journalism failure.” The publication had been in print since 1933 until making the decision to go digital-only in late 2012. The landmark magazine hits newsstands again in limited circulation Friday and will be on sale for $7.99 each. Newsweek’s print edition has been resurrected from the dead - and with some serious currency.
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