Newsweek is a weekly news magazine published in New York City and distributed throughout the United States and Canada. It is the second-largest weekly magazine in the U.S., having played second fiddle to TIME during its entire career except for brief moments when its advertising revenues were somewhat greater. Its circulation puts it ahead of U.S. News & World Report, however. Of the three magazines, Newsweek is generally regarded as being slightly more liberal than Time in its outlook, while U.S. News is considered somewhat conservative.
Originally called "News-Week" it was founded by Thomas J.C. Martyn on February 17, 1933. That issue featured seven photographs from the week's news on the cover, but over time it has developed the spectrum of news-magazine material, from breaking stories to analysis to reviews and commentary. The magazine was bought by The Washington Post Company in 1961.
As of 2003, worldwide circulation is more than 4 million, including 3.1 million in the U.S. It also publishes editions in Japanese, Korean, Polish, Russian, Spanish, and Arabic, as well as an English language Newsweek International.
Based in New York City, it had 22 bureaus as of 2003: 9 in the U.S., as well as bureaus in Beijing, Cape Town, Frankfurt, Hong Kong, Jerusalem, London, Mexico City, Moscow, Paris, Tokyo and Warsaw.