Mischaracterization. No surprise there.
Alex Shephard writes in the latest issue of The New Republic that something odd has happened to Newsweek. It has become an outlet for rightwing advocacy. The Newsweek story has been covered by many…
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Alex Shephard
writes in the latest issue of The New Republic that something odd has happened to Newsweek. It has become an outlet for rightwing advocacy. The
Newsweek story has been covered by many media outlets over the past several years, but I had not seen those stories and had no idea about what happened to this once iconic magazine.
For half a century,
Newsweek was owned by the
Washington Post and was a well-respected voice in American journalism. In 2010, the
Post sold
Newsweekto 91-year-old businessman Sidney Harman; Harman bought it for $1 and assumption of its liabilities. Ownership turned over a few more times, from Harman to Barry Diller. Diller
regretted his purchase and sold
Newsweek in 2014 to a group called International Business Times Media. IBTM changed its name to Newsweek Media Group. Its owners were tied to a small Christian college (Olivet University) led by a charismatic Korean pastor, David Jang. Jang also was founder of a cult called “The Community,”
according to this report in Mother Jones.
In 2018, the offices of
Newsweek were raided by federal agents investigating a money-laundering operation between the publication, the cult, and the college.