Newsweek (Decline)
Newsweek's fall from Time rival to $1 sale demonstrates how news magazines faced extinction when the internet eliminated the weekly news cycle. The magazine that broke Iran-Contra sold for a dollar in 2010, went digital-only, then cycled through owners seeking to extract remaining brand value. Like a species whose ecological niche disappears, Newsweek exists in zombie form.
Key Facts
1933
Founded