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( Newsweek)
Newsweek is an American weekly newsmagazine published in New York City. It is distributed throughout the United States and internationally. It is the second largest news weekly magazine in the U.S., having trailed Time in circulation and advertising revenue for most of its existence, although both are much larger than the third of America's prominent weeklies, U.S. News & World Report. Newsweek is published in four English language editions and 12 global editions written in the language of the circulation region. Critics and some readers of the magazine say that Newsweek promotes liberal political positions. To launch Newsweek the group of original owners invested around $2.5 million. Other large Newsweek stockholders prior to 1946 were a public utilities investment banker named Stanley Childs and a Wall Street corporate lawyer and director of various corporations named Wilton Lloyd-Smith. Originally News-Week, the magazine was founded by Thomas J.C. Martyn on February 17, 1933. That issue featured seven photographs from the week's news on the cover.[2]
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